Canadian S&P Global Services PMI (Feb) 46.5 (Prev. 45.8)
Newsquawk Staff ·
Canadian S&P Global Services PMI (Feb) 46.5 (Prev. 45.8)
What it means
The Canadian S&P Global Services PMI for February came in at 46.5, an increase from the previous reading of 45.8. This slight improvement suggests a marginal uptick in service sector activity, but it remains below the neutral level of 50, indicating ongoing contraction. This data could influence market sentiment around the CAD, especially in relation to expectations for future economic growth and monetary policy direction.
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