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OverviewAPI
Canada's factory sector experienced a sharp contraction in December, reaching its lowest level in over three years, due to subdued demand and rising costs. The S&P Global Canada Manufacturing PMI fell to 45.4 from 47.7 in November, indicating contraction in output, new orders, and new export orders. Despite the contraction, the employment index moved back into contraction territory, and price increases decelerated.

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