• Canadian service sector activity slowed for an eighth straight month in January as new business ebbed and cost pressures intensified, but the pace of decline eased from December, S&P Global Canada services PMI data showed on Monday.
• The headline business activity index rose to 45.8 in January from 44.6 in December. In November, the index posted a near three-and-a-half-year low of 44.5, while it has been below the 50 threshold that marks contraction in the sector since June.

https://www.reuters.com/markets/canadian-services-pmi-rises-january-sector-remains-contraction-2024-02-05/