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TORONTO - Canadian economic activity expanded at a faster pace in April as measures of employment and inflation pressures climbed, Ivey Purchasing Managers Index data showed on Tuesday.
The seasonally adjusted index rose to 63.0 from 57.5 in March. A reading above 50 indicates an increase in activity.The Ivey PMI measures the month to month variation in economic activity as indicated by a panel of purchasing managers from across Canada. The gauge of employment rose to an adjusted 56.4 from 55.4 in March, while the prices index was up at 62.4, its highest level since December, from 57.9.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.
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