Canada services PMI climbs to 10-month high in April

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Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures heating up, S&P Global Canada services PMI data showed on Friday. "Another fall in activity during April reinforced the general underlying weakness that pervades the Canadian services economy," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement.