By Fergal Smith

TORONTO (Reuters) -Canada’s services economy expanded in October for the first time in 11 months as businesses showed signs of adjusting to economic uncertainty, S&P Global’s Canada services PMI data showed on Wednesday.

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.

The data offered “some evidence of a stabilisation in the business environment,” Paul Smith, economics director at S&P Global Market Intelligence, said in a statement.

“Whilst welcome, growth realistically failed to make up for the sustained period of contraction seen through much of 2025 and should be viewed in the context of the continued uncertain

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