The moon rises over the Toronto city skyline as seen from Milton, Ontario, on Jan. 23, 2016. Reuters/Mark Blinch
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TORONTO—Canada’s services economy expanded in October for the first time in 11 months as businesses showed signs of adjusting to economic uncertainty, according to data from S&P Global’s Purchasing Managers’ Index (PMI).
The headline Business Activity Index rose to 50.5 last month from 46.3 in September, posting its first move above the 50 threshold since November last year. A reading above 50 shows expansion in the sector.
