Canada’s manufacturing sector moved closer to stabilisation in October, according to the latest PMI survey data from S&P Global. Whilst operating conditions worsened again, they did so only slightly with output and new orders both falling at noticeably slower rates. Job losses were also only marginal, although excess capacity in the sector was again prevalent as backlogs of work fell steeply. International trade policies remained a challenge to navigate for manufacturers, with tariffs reportedly weighing on export sales, leading to delays at customs and keeping input price pressures elevated. Confidence in the ... (full story)