Geopolitics Alpha

Canadian factory PMI shows sector contracting for first time in 2026

Published . Updated .

Covered by 6 outlets: WTAQ, WHTC, Charlotte Observer, Rock Hill Herald, Durham Herald Sun, Bradenton Herald.

Canadian factory PMI shows sector contracting for first time in 2026

By Fergal Smith TORONTO, Nov 2 (Reuters) - Canada's manufacturing sector contracted in October for the first time this year as tariffs and geopolitical uncertainty weighed on activity, and ​after inflation pressures intensified. The S&P Global Canada M...

Directly affected

  • SPGI S&P Global+15.3% 30d

    Named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR-1.5% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • EWC iShares MSCI Canada ETF+0.3% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada

  • CAT Caterpillar-23.7% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • DE Deere-0.9% 30d

    Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • WMT Walmart+14.9% 30d

    Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
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XRTNo price data for this ticker———————
EWCNo price data for this ticker———————
BWXNo price data for this ticker———————
EFANo price data for this ticker———————
CATNo price data for this ticker———————
DENo price data for this ticker———————
WMTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Canadian factory PMI shows sector contracting for first time in 2026 WTAQ

Source: WTAQ

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

75 out of 100

“Canadian factory PMI shows sector contracting for first time in 2026” scores 75 out of 100. The score uses 6 sources.