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Canadian Services PMI Shows Slight Improvement
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Overview
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Canadian services PMI shows slight improvement in January, but remains in contraction due to weak market demand and high interest rates. Manufacturing PMI also rebounded but remained below the 50 threshold, indicating a contraction in the sector.
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How might the contraction in the Canadian services PMI impact the overall economic performance of Canada?
How might the high interest rates and weak market demand affect investment and consumer spending in the Canadian economy?
What factors could influence the recovery of the manufacturing sector and its impact on the Canadian economy?
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