Canada Services PMI Hits Six Month High in April
The S&P Global Canada Services Business Activity Index rose to 49.2 in April, marking its highest level since October as new business returned to growth. While the sector remains in marginal contraction, business confidence reached an 18-month high following new government infrastructure spending.
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Canada services activity rose to 49.2 in April, marking a six-month high as the sector's downturn eased. The index remained below the 50.0 threshold for a sixth consecutive month despite a recovery in new business. Rising selling prices and persistent tariffs suggest inflation pressures remain a hurdle for the Bank of Canada.
