Canada Manufacturing PMI Rises to 53.3

S&P Global Canada Manufacturing PMI climbed to 53.3 in April, its highest level since June 2022, indicating sector expansion.
Output index rose to 53.4 and new orders index to 55.0, both markedly higher than March’s 49.6 and 48.7 respectively.
Growth is attributed to Middle East war‑driven energy price shocks and supply concerns, prompting firms to stock‑build amid inflation pressures.
U.S. tariffs on autos, steel and aluminum continue to curb export orders despite the overall sector uptick.