The S&P Global Canada Composite PMI fell to 44.0 in June 2025 from 45.5 in May, marking the seventh consecutive monthly contraction in private-sector activity. Both the manufacturing (45.6 vs. 46.1) and services (44.3 vs. 45.6) sectors posted similar levels of contraction. New orders continued to fall, but the rate of decline eased to its softest since January. Backlogs of work decreased further, and marginal job gains were recorded across the private sector as firms added staff modestly. Business confidence remained subdued amid ongoing trade uncertainty. On the price front, input cost inflation edged up to a three-month high, and output charge inflation rose to its highest level since April 2024.
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