Canada’s service sector is experiencing a continued contraction, with private sector output on the decline. This trend is reflected in the USD:CAD exchange rate, indicating the impact on the economy. The challenges faced by the service sector are evident, and efforts are being made to address the issue. The decreasing private sector output is a concerning development that requires attention from policymakers and businesses alike. As the situation unfolds, it will be important to monitor the implications for the Canadian economy.
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