Manufacturing growth slows

OTAWA / Canadian manufacturing growth slowed markedly in January, data contained in the Canadian Manufacturing Purchasing Managers Index showed Wednesday.

“The headline RBC PMI — a composite indicator designed to provide a single-figure snapshot of the health of the manufacturing sector — registered 50.6 in January, down sharply from 54.0 in December, and indicated the weakest improvement in Canadian manufacturing business conditions since data collection began in October 2010,” said the report, compiled in association with financial services company Markit.

Index readings above 50.0 signal expansion from the previous month; readings below 50.0 indicate contraction.

In the U.S., the pace of growth in the manufacturing sector rose in January to its highest level in seven months, though a measure of employment faded and privatesector employers added fewer jobs than expected, data showed on Wednesday. to RIM’S leadership, she said in an interview.

Stymiest declined to say whether any new directors would be proposed ahead of Waterloo, Ont.-based RIM’S July shareholder meeting. company said Wednesday.

Canadian Oil Sands earned $232 million, or 48 Canadian cents a share, down from year-earlier $575 million, or $1.19 a share. The year-ago figure includes a large tax recovery. It recorded a tax expense in the most recent quarter.

The result slightly beat the average analyst estimate of 45 cents a share, according to Thomson Reuters I/B/E/S.

Cash flow fell nine per cent to $363 million, or 75 cents a share, from $398 million, or 82 cents.