The S&P Global Canada Services PMI Business Activity Index slipped to 48.6 in August 2025 from 49.3 in July, marking an eighth consecutive month of contraction. Weak demand and tariff uncertainty weighed heavily on services, with new export sales posting the steepest drop since April as global clients delayed commitments. Confidence in the outlook weakened, staying below its long-term average, though some optimism was tied to hopes of lower interest rates. Firms still added staff for a fourth month to manage workloads, helping reduce backlogs. On the price front, tariffs and wage pressures kept costs high, but inflation eased to its lowest since January.
Reprinted from tradingeconomics，the copyright all reserved by the original author.
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