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Sharp decline for business conditions: RBC PMI

The latest RBC Canadian Manufacturing PMI survey pointed to another downturn in overall business conditions. That’s due to a decline in output, new orders and employment.

Also, new export sales dropped for the first time since April, with survey respondents noting that weaker global economic conditions had weighed on new business volumes.

Meanwhile, input costs rose at a sharp and accelerated pace in October, which placed pressure on operating margins and contributed to a further slight increase in factory gate charges.

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