Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
TORONTO, Oct 2 - 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.
Canadian factory PMI falls to three-year low in SeptemberBy Fergal Smith TORONTO (Reuters) - Canada's manufacturing sector downturn deepened in September to its lowest level since shortly after the start of ...
Read more »
As yen nears 150/dlr, Japan says watching FX moves with 'strong sense of urgency'Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
New quarter, same struggles for stocks, bonds and yenKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Futures mixed as investors await more data, comments from Fed officialsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Read more »
Euro zone factory activity stuck in steep downturnKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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 »