Markit: Growth in the Canadian manufacturing sector showed signs of easing in October

"Growth in the Canadian manufacturing sector showed signs of easing in October, with both output and new orders rising at weaker rates," IHS Markit reported on Wednesday.

Key highlights:

• New export orders decreased for the first time in a year.
• Disruption caused by Hurricane Harvey in the U.S. continued to impact the sector.
• The seasonally adjusted Canada Manufacturing Purchasing Managers’ Index dipped to 54.3 in October from 55.0 in September. 
• In response to pressure on capacity, firms stepped up their hiring activities in October.
• Employment rose at a marked pace, extending the current sequence of job creation to 13 months.