{"id":921805,"date":"2026-10-05T18:38:20","date_gmt":"2026-10-05T18:38:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/921805\/"},"modified":"2026-10-05T18:38:20","modified_gmt":"2026-10-05T18:38:20","slug":"canadas-services-pmi-shows-sector-shrinking-for-fourth-straight-month-in-september","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/921805\/","title":{"rendered":"Canada\u2019s services PMI shows sector shrinking for fourth straight month in September"},"content":{"rendered":"

Canada\u2019s services economy contracted for a fourth straight month in September as tariffs and the war in the Middle East contributed to economic uncertainty, S&P Global\u2019s Canada services PMI data showed on Monday.<\/p>\n

The headline Business Activity Index rose to 48.3 last month from 46.8 in August but remained below the 50 mark. A sub-50 reading indicates contraction in the sector.<\/p>\n

\u201cSeptember once again proved to be a difficult month for businesses, with net reductions in output and new work both signalled,\u201d Paul Smith, economics director at S&P Global Market Intelligence, said in a statement.<\/p>\n

\u201cThese declines were again closely associated with tariffs<\/a> and the war in Iran, which resulted in a high degree of uncertainty, lower levels of export trade and operating expenses being raised to an uncomfortably high degree.\u201d<\/p>\n

Uncertainty hangs over future of suspended Chinese tariffs on Canadian farm products, seafood<\/a><\/p>\n

The United States and Canada have adopted rounds of countertariffs since early 2025, while a U.S. import ban on many Canadian alcoholic beverages, motorcycles and dairy products took effect last week.<\/p>\n

With a reading of 48.5, the new business index was below the 50 threshold for a fifth consecutive month as new export business declined at a steeper rate than in August.<\/p>\n

The input price index rose to 62.2 from 61.7 in August, reflecting the rise in cost pressures.<\/p>\n

Still, hopes that uncertainty could ease helped lift sentiment, S&P Global said. The future activity index rose to 61.4 from 56.4 in August, notching a five-month high.<\/p>\n

The S&P Global Canada Composite Purchasing Managers\u2019 Index edged up to 48.7 in September from 47.8 in August but was stuck below the 50 no-change mark for a fourth month in a row.<\/p>\n

Data on Thursday showed that the S&P Global Canada Manufacturing Purchasing Managers\u2019 Index (PMI) fell to a six-month low<\/a> of 51.5 last month from 53.0 in August.<\/p>\n","protected":false},"excerpt":{"rendered":"Canada\u2019s services economy contracted for a fourth straight month in September as tariffs and the war in the…\n","protected":false},"author":2,"featured_media":921806,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-921805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/921805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=921805"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/921805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/921806"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=921805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=921805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=921805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}