• The downturn in Canada’s services sector deepened in March as higher prices and elevated borrowing costs crimped customer demand but firms remained confident that better times lie ahead, S&P Global Canada services PMI data showed on Wednesday.
• The headline business activity index fell to 46.4 from 46.6 in February. A reading below 50 indicates contraction in the sector, with the index stuck below that threshold for ten straight months, the longest such stretch in three years.

https://www.reuters.com/world/americas/canada-services-pmi-falls-march-downturn-lengthens-2024-04-03/