By Fergal Smith TORONTO (Reuters) - Canada's manufacturing sector downturn deepened in September to its lowest level since shortly after the start of ...
SaltWire's Atlantic regional weather forecast for October 2, 2023 | SaltWireTORONTO - Canada's manufacturing sector downturn deepened in September to its lowest level since shortly after the start of the COVID-19 pandemic as weak market demand weighed on production and new orders, data showed on Monday.
A reading below 50 indicates contraction in the sector. The PMI has been below that threshold since May. "With job shedding again reported, these later developments add support to the Bank of Canada's recent decision to hold its main policy rate unchanged," Smith said.
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.
Russian factory activity grows at fastest pace in over six years in Sept -PMI(Reuters) - Activity in Russian manufacturing grew at its fastest pace in more than six years in September, a survey showed on Monday, while employment ...
Read more »
Marketmind: Markets strap in for PMI data dumpAfter a rough September, investors will be looking for something positive to kick off the fourth quarter, although a dump of economic data from Europe on Monday may not give them the lift they want. A round of purchasing managers index (PMI) data from across the globe continues with Europe on Monday, following Chinese PMI data over the weekend that pointed to mixed levels of services and manufacturing activity last month. Markets have been feeling the pain after stocks, bonds and non-dollar currencies around the world mostly fell in the previous month, as investors adjusted to the idea that U.S. interest rates will stay elevated for longer.
Read more »
Marketmind: Markets strap in for PMI data dumpA look at the day ahead in European and global markets from Brigid Riley After a rough September, investors will be looking for something positive to kick ...
Read more »
TSX futures slip weighed by gold prices; PMI data on watch(Reuters) - Toronto futures slipped on Monday and the underlying index was set to open the final quarter of the year on a dim note, dragged down by ...
Read more »
Spanish factory activity shrinks for sixth straight month in Sept -PMIMarket News
Read more »
South African rand strengthens ahead of local PMI, car salesMarket News
Read more »