Canada's manufacturing sector is showing no signs of recovery. Factory activity has been on a steady decline, and the latest data paints an even grimmer picture—new orders have just hit their lowest level in three months. This prolonged downturn signals weakness in industrial demand and suggests that economic headwinds are persisting. For crypto investors monitoring macroeconomic trends, this kind of manufacturing weakness often precedes broader economic slowdowns, which can impact risk appetite and market sentiment in the digital asset space.