Canada November S&P International Companies PMI 51.2 vs 50.four prior

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  • Composite PMI 51.5 vs 50.7 prior
  • Companies PMI rises to 51.2 from 50.four in October, highest since April 2023
  • Employment progress hits 14-month excessive
  • Enter prices stay elevated regardless of slowing from October peak
  • Export orders decline accelerates amid world conflicts and price pressures

Paul Smith, Economics Director at S&P International Market
Intelligence, stated:

“November proved to be a comparatively constructive month for
the Canadian service sector, with exercise rising for a
second successive month and to a stronger diploma than
in October. Nevertheless, the upturn was restricted to some
extent by nearly no progress in new enterprise volumes, and
corporations stay involved over the underlying energy of
enterprise circumstances regardless of the stimulative influence on
financial exercise of decrease rates of interest.

“That stated, corporations retain some confidence within the outlook
amid hopes of a extra steady geopolitical atmosphere
and additional reductions in borrowing prices within the yr
forward. Nevertheless, it’s price noting that the newest
survey passed off earlier than US President-elect Trump’s
announcement of modifications to US commerce coverage in 2025.
Though the scope and nature of tariffs on Canadian
items and providers stays unsure at this stage,
already fragile confidence and financial progress is probably going
to be hit once more within the coming months.”

This text was written by Adam Button at www.ubaidahsan.com.



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