05-February-2026
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Canada's Services PMI Shows Sector Downturn Gathering Pace in January
05-Feb-2026

The downturn in Canada's services economy deepened in January as trade uncertainty contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday. The headline Business Activity Index fell to 45.8 last month from 46.5 in December, marking a third straight monthly decline in service sector output. A reading below 50 shows deterioration in activity.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-04/canadas-services-pmi-shows-sector-downturn-gathering-pace-in-january