Canadian Manufacturing Sector Expands Amid Global Uncertainties
Canada's manufacturing sector experienced growth in May, driven by increased output and new orders, according to a report by S&P Global Market Intelligence. The expansion is attributed to client efforts to secure goods amid concerns over price increases and product availability, likely linked to the ongoing conflict in the Middle East. The Purchasing Managers' Index (PMI) for Canada remained above the expansion threshold, despite a slight decrease from April. The report also noted supply chain challenges, with delays in international shipping and rising input and output costs due to elevated fuel prices. 
