Canada manufacturing growth rises in July as new orders pick up

OTTAWA (Reuters) – The pace of growth in the Canadian manufacturing sector climbed in July as companies ramped up hiring and production as they received more new orders, data showed on Tuesday.

The Markit Canada Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 55.5 last month from 54.7 in June. A reading above 50 shows growth in the sector.

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