Canadian Markit PMI
- Lowest since Dec 2015
- Prior was 49.7
- Output 48.6 vs 48.9 prior (lowest since Dec 2015)
- New orders 47.8 vs 48.6 prior (lowest since Dec 2015)
- Employment 50.3 vs 49.7 prior
These numbers on output and new orders are forward-looking indicators and a big sign of worry for the Canadian economy. The last time they fell like this was because oil was in freefall in 2015.