Canada services, composite PMI rise in December

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* The S&P Global Canada Composite PMI recorded 46.7 in December, up from 44.9 in November and remaining below the 50.0 no-change mark for a second straight month.
* Manufacturing edged up to 48.6 in December from 48.4 in November, while services rose to 46.5 from 44.3, with the latter still the main driver of the downturn.
* The decline in business activity was again closely linked by panelists to lower volumes of incoming new work, which fell in December for a thirteenth successive month.
* Looking ahead to the next year, companies were optimistic about the outlook for activity. Some firms are hopeful of an improvement in the economic environment, while some noted that upcoming sporting events like the FIFA World Cup will support growth.
* However, sentiment remains well below its historical trend, indicative of ongoing economic uncertainty, especially in relation to tariffs and government policies.

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