Good morning,
This week, manufacturing firms are slashing production amidst the uncertainty as shown by the latest Manufacturing PMI. Some light ahead as negotiations are still continuing, but conditions remain difficult, especially for exporters. NATO targets are attainable, but it will be an uphill battle, especially as those will be considerably increased (5% instead of 2% of the GDP today).
Minh Dang - Editor in Chief - The Canadian Labour and Staffing Journal
Manufacturing firms are cutting production, this is what it means for the staffing industry
Montreal, July 5, 2025 — The latest Canada Manufacturing PMI dropped to 45.6 in June, down from 46.1 in May, marking the fifth consecutive month of contraction in the manufacturing sector. A reading below 50 signals declining activity, and the newest data shows deeper erosion, especially when it comes to output and exports.
Meeting NATO’s 2% target; that’s a lot of money. Who could benefit the most? And will it even work out?
This is obviously good news for the Canadian economy, although it has yet to be seen if the money will be spent effectively; there is a definite need for good procurement practices that would prioritize domestic production if we want to see a good impact on the economy. According to RBC, about half of the spend is going to Canadian suppliers today, with…