Canada’s manufacturing sector remained in contraction territory during July, but only just as a marginal rise in output and a weaker fall in new orders were registered. Job cuts were, however, more prominent, whilst there were accelerations in both input and output price inflation. Firms retained some confidence for the future, with sentiment picking up to a four-month high. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index® (PMI®) posted below the 50.0 no-change mark for a third month running in July. However, rising to 49.6, from 48.8 in June, the headline index pointed to the ... (full story)