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Canadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff ShockCanadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff Shock

Canadian Economy Faces Double Pressure: April PMI Below Boom - Bust Line, Soft Housing Market and Tariff Shock

Canada's economic momentum slowed significantly in April. The Ivey Purchasing Managers' Index (PMI) plummeted from 51.3 in March to 47.9, falling below the boom - bust line for the first time since January. The employment sub - index has contracted for two consecutive months (48.0), and the cost pressure on enterprises has eased slightly (price - payment index 70.0). Meanwhile, the housing market in Toronto is also cooling down.
UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the WayUK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

UK Stocks Focus on Central Bank Policies: FTSE 100 Slightly Down 0.2% with Precious Metals Sector Leading the Way

On May 6, the UK's FTSE 100 index closed 0.2% lower at 8,143 points. Investors remained cautious ahead of the interest rate decisions of the Federal Reserve and the Bank of England. The mid - cap index, however, bucked the trend and rose 0.6%, achieving a nine - day winning streak. The precious metals sector soared 5.5% boosted by the gold price. Endeavour Mining (+5.2%) and Fresnillo (+4.7%) led the gains among the blue - chip stocks.

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