Canada’s manufacturing economy registered a return to modest growth during January, underpinned by gains in both production and new orders. Jobs were also added, whilst there were some reports that input goods and labour availability was stabilising after a prolonged period of shortages. Inflationary pressures also continued to soften over the month, although worries over recession persist. Confidence about the future remained positive but slipped to a three-month low at the start of 2023. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index® (PMI®) recorded 51.0 in January, up from 49.2 ... (full story)