The August numbers mark the first time Canadian manufacturing activity has contracted since the early stages of the COVID-19 pandemic
Canadian manufacturing activity contracted in August for the first time since the early stages of the COVID-19 pandemic, amid stronger declines in output and new orders, and the first drop in employment in two years, data showed on Thursday.
“Growing uncertainty, interest rate hikes, high inflation and persistent supply-chain pressures are no doubt the drivers of the latest drop.” The employment index dipped to 48.8, the lowest level since June 2020. At the same time, input cost inflation eased to a 19-month low.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
August heat: Much of Alberta under heat warning as temps set to rise | Globalnews.ca'Although we’re expecting a brief break from the heat on Thursday, it returns for many parts of Alberta just in time for the Labour Day long weekend,” said Global News Calgary chief meteorologist TiffanyLizee. YYC ABwx
Read more »
Atlantic regional weather forecast: August 30, 2022 | SaltWireWant more weather information? Visit your weather page. Marine Forecast - August 31, 2022 Mainland Nova Scotia LURCHER (SW): STRONG WIND WARNING WIND: ...
Read more »
Atlantic regional weather forecast: August 30, 2022 | SaltWireWant more weather information? Visit your weather page. Marine Forecast - August 31, 2022 Mainland Nova Scotia LURCHER (SW): STRONG WIND WARNING WIND: ...
Read more »
Brian Madden's Top Picks: August 30, 2022 - BNN BloombergTopPicks from Brian Madden, chief investment officer, First Avenue Investment Counsel
Read more »
Safety measures at congested airports a top issue in health advocacy in July and AugustSafety measures at congested airports a top issue in health advocacy in July and August, by cnockaert_j cdnpoli CPC MP Barrett says the Liberals have failed to address ‘the chaos and delays’ at Canada’s airports. (subs)
Read more »