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Stronger growth of CA manufacturing sector signalled in October
Canada’s manufacturing economy expanded at a faster rate in October, underpinned by a first rise in output in over a year. Amid reports of steadily improving market demand, new business rose marginally, and firms continued to take on additional workers. Confidence in the outlook was also positive, though firms remained cautious when it came to buying activity, instead preferring to utilise existing input stocks wherever possible. Inflationary pressures weakened, with costs rising at a slower pace and output charges only marginally higher in October. The seasonally adjusted S&P Global Canada Manufacturing ... (full story)