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Canada manufacturing PMI dips in August but stays in expansion

Canadian manufacturing activity expanded in August, though it cooled modestly. The manufacturing PMI dipped to 53, while input price inflation remains elevated, according to S&P Global Canada data.

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HEADLINESManufacturing Sector PMI Dipped to 53 in August But Still Reflects ExpansionCanadian manufacturers activity continued to expand last month, though activity cooled modestly and input price inflation remains elevated, data showed Tuesday.The S&P Global Canada manufacturing purchasing manager…