Canada’s manufacturing economy remained inside contraction territory during November, but only just as both output and new orders fell at slower rates compared to October. Moreover, several firms addressed staff shortages at their plants by registering a net increase in employment amid positive growth projections. That said, underlying conditions remained challenging, with high inflation and worries over recession again undermining sales and demand which, alongside shipping delays, led to a modest rise in inventories of finished goods. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ ... (full story)