Downturn in Canada manufacturing sector continues in July

From pmi.spglobal.com

Canada’s manufacturing sector landscape continued to be dominated by tariffs and trade uncertainty during July. Although output and new orders declined to weaker degrees, the adverse impact of tariffs on market demand – especially from the neighbouring United States – undermined sales and production. With the outlook remaining especially hard to predict, firms reduced inventories, lowered purchasing activity and cut employment. Tariffs again served to raise input costs and resulted in further supply chain delays. However, in a relatively positive development, input price inflation softened to an eightmonth low. ... (full story)