The business activity in Canada's manufacturing sector continued to contract in September, with the S&P Global Manufacturing PMI declining to 47.5 fro
Commenting on the survey's findings, "in line with the global industrial downturn, the Canadian manufacturing sector continued to experience lacklustre performance during September," said Paul Smith, Economics Director at S&P Global Market Intelligence. "Output and new orders both fell to steeper degrees amid evidence of slow market demand.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD came under renewed bearish pressure and declined below 1.0550 during the European trading hours on Monday. The pair is weighed by a buoyant US Dollar amid higher US Treasury bond yields and a cautious mood. US ISM PMI and Powell's speech eyed.GBP/USD turned south and retreated to the 1.2150 area after spending the Asian session in a tight range near 1.2200.
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