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Canada's Economy Shrinks as PMI Falls Below 50

12/5/2025

28 3 Full Breakdown

Summary

Story summary

Canada’s economy contracted in November for the first time in six months, per the Ivey Purchasing Managers Index (PMI).
The seasonally adjusted PMI fell to 48.4 in November from 52.4 in October, remaining below the 50 threshold.
The employment gauge declined to 48.0 from 51.8.
The prices index rose to 66.1 from 64.3.
The unadjusted PMI fell to 44.5 from 51.7, reflecting a broader downturn across Canada.

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Story summary

Canada’s economy contracted in November for the first time in six months, per the Ivey Purchasing Managers Index (PMI).
The seasonally adjusted PMI fell to 48.4 in November from 52.4 in October, remaining below the 50 threshold.
The employment gauge declined to 48.0 from 51.8.
The prices index rose to 66.1 from 64.3.
The unadjusted PMI fell to 44.5 from 51.7, reflecting a broader downturn across Canada.