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Canada Services PMI Improves in July Yet Remains in Contraction Territory

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Activity in Canada’s services industry remained subdued last month as price pressures intensified and output and sales declines, data released Thursday showed.

The S&P Global Canada services purchasing managers index climbed to 49.1 in July. That marked an improvement from June’s 47.1 but still below the 50 threshold separating contraction from expansion.

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