Canadian mfg. slump persists in May amid tariff pressures and job loss: S&P Global PMI

Canadian mfg. slump persists in May amid tariff pressures and job loss: S&P Global PMI

Canada’s manufacturing sector remained under pressure in May, with both production and new orders continuing to decline, according to the latest report from S&P Global. The downturn was largely attributed to the ongoing impact of tariffs, which also contributed to the sharpest decline in employment in nearly five years. Confidence in the outlook remained subdued, and inflation rates picked up since April, the report said. Additionally, delays re…