Canada's main stock index rose on Tuesday, with energy and materials stocks amongst top gainers tracking higher oil and metal prices as traders returned after a long weekend.
showed contraction in Canada's manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand.
"One would hope that the BoC is seeing a slowdown on the manufacturing side of things, even though on the services side, they're not," said Allan Small, senior investment adviser of Allan Small Financial Group with iA Private Wealth.
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