Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation ...
- Canada 's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures heating up, S&P Global Canada services PMI data showed on Friday.
"Another fall in activity during April reinforced the general underlying weakness that pervades the Canadian services economy," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. "But there was some positivity to be found in the survey data."The new business index rose to 50.0 from 48.3 in March, ending an eight-month run of falling sales, while the measure of employment increased to 50.6 from 50.
The S&P Global Canada Composite PMI Output Index, which captures manufacturing as well as service sector activity, rose to a 10-month high at 49.3, up from 47.0 in March.DJT Stock Falls. SEC Charges Trump Media Auditing Firm With ‘Massive Fraud.’TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
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