Canada: S&P Global Manufacturing PMI declines to 48.6 in March vs. 51.7 expected – by eren_fxstreet Canada Manufacturing PMI EconomicIndicator Macroeconomics
Commenting on the survey's findings, "the recovery of Canada’s manufacturing economy stalled during March, with renewed falls in both production and new orders signalled," said Paul Smith, Economics Director at S&P Global Market Intelligence.
"Broader macroeconomic uncertainty, and the negative impact of rising prices on client purchasing power were key factors that weighed on market demand," Smith further noted.USD/CAD stays under bearish pressure despite the disappointing data and was last seen losing 0.5% on the day at 1.3452.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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