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S&P Global Composite PMI

Name: S&P Global Composite PMI
Creator: TipRanks

The S&P Global Composite PMI in Canada is an economic indicator that measures the overall health of the economy by combining data from the manufacturing and services sectors. It provides insights into business conditions, including output, new orders, employment, and prices. This index is crucial for investors and policymakers as it helps gauge economic momentum and potential inflationary pressures, influencing monetary policy and market expectations. A PMI above 50 indicates expansion, while below 50 suggests contraction, impacting currency and equity markets.