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TORONTO — The pace of growth in the Canadian manufacturing sector picked up in October to its strongest level in two and a half years as firms saw greater demand for their products, data showed on Friday.
The RBC Canadian Manufacturing Purchasing Managers’ index (PMI), a gauge of manufacturing business conditions, rose to a seasonally adjusted 55.6 last month from 54.2 in September, making for the highest level since April 2011.
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