07-September-2025
Economy News
 
Canada's Services PMI Dips in August as Tariff Uncertainty Clips Activity
05-Sep-2025

Canada's services economy contracted for a ninth straight month in August as uncertainty over U.S. tariffs weighed on export sales and business confidence, S&P Global's Canada services PMI data showed on Thursday. The headline Business Activity Index fell to 48.6 last month from 49.3 in July. A reading below 50 shows contraction in the sector.

News Source:- https://money.usnews.com/investing/news/articles/2025-09-04/canadas-services-pmi-dips-in-august-as-tariff-uncertainty-clips-activity