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Canadian Growth Slows as European Economy Shows Mixed Signals

11/7/2025

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Summary

Story summary

The Ivey Purchasing Managers Index declined to 52.4 in October from 59.8 in September, signaling slower Canadian growth.
European indicators were mixed, with French non-farm payrolls declining, Switzerland's unemployment rate remaining steady, and the UK keeping its rate at 4.00%.
The overall data reflect a cautious economic landscape in Canada and Europe.

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Story summary

The Ivey Purchasing Managers Index declined to 52.4 in October from 59.8 in September, signaling slower Canadian growth.
European indicators were mixed, with French non-farm payrolls declining, Switzerland's unemployment rate remaining steady, and the UK keeping its rate at 4.00%.
The overall data reflect a cautious economic landscape in Canada and Europe.