Canada’s manufacturing sector contracted for the sixth month in a row in July, according to S&P Global. While the slowdown eased slightly, key indicators like new orders and exports remain weak — especially trade with the U.S., where new tariffs and uncertainty are weighing heavily on demand.

What this means for Italian industry:
Italian exporters and machinery suppliers working with Canadian firms may see slower orders, tighter budgets, and more cautious investment as businesses scale back in response to rising U.S. trade barriers and domestic cost pressures.