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Breaking Posted 7 hours ago

Canada Services PMI rises to 49.1 in July

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Canada's S&P Global Services PMI improved to 49.1 in July from 47.1 in June, with Composite PMI rising to 49.7 from 47.7, signaling modest stabilization in service-sector activity. Both indices remain below the 50 expansion threshold, indicating persistent contraction. USD/CAD traders should monitor whether BoC policy divergence widens given continued Canadian economic weakness amid Fed dovish repricing.
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