Canadian S&P Global Composite PMI (Mar) 47.6 (Prev. 47.1)
Context
The Canadian S&P Global Composite PMI for March came in at 47.6, slightly up from the previous 47.1. While the increase indicates a minor improvement, the reading still signals contraction in the economy. This could imply ongoing weakness in growth, potentially influencing the Bank of Canada's policy outlook moving forward.
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