Canada's Ivey PMI shows activity contracting in November as employment falls
NegativeFinancial Markets

- Canada's Ivey Purchasing Managers' Index (PMI) indicated a contraction in economic activity for November, reflecting a decline in employment levels. This downturn aligns with broader economic challenges faced by the country, as the services PMI also fell to a five-month low during the same period.
- The contraction in the Ivey PMI is significant as it suggests weakening business confidence and a potential slowdown in economic growth, which could impact investment decisions and overall market sentiment in Canada.
- This development is part of a larger trend of declining economic indicators across North America, with the U.S. also reporting significant job losses and a slowdown in the services sector. The contrasting positive signals from other regions, such as the Euro zone's business activity expansion, highlight the uneven recovery patterns in the global economy.
— via World Pulse Now AI Editorial System






