Canada factory PMI dips in August as growth slows
Canada manufacturing expanded for a fifth consecutive month in August with rising output and employment. However new U.S. tariffs and trade tensions threaten the pace of future growth.
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Canada's manufacturing sector expanded for a fifth straight month in August as output and employment rose, with the PMI dipping to 53.0. That reading compares with 53.5 in July, remaining above the 50 expansion threshold. Growth may stall as recent trade tensions with the United States threaten future output.
