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Stagflation Grips the Canadian Economy

The Loonie Hour

CHAPTER

Is the Canadian PMI Backward Looking?

The Canadian PMI rose back up to 52.6, which is in the contractionary zone. The residential piece that I think people just sort of don't get, which will be a huge drag if there's a crisis. But what's important is the contributions from the other sectors are also really lagged. And so, you know, it's just important that those are the kind of numbers we're seeing.

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