Canada manufacturing falters again in August

OTTAWA, Sept 1 (Reuters) - - Canada's manufacturing sector turned down again in August, with activity contracting as output and employment declined, data showed on Tuesday. The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 49.4 last month from 50.8 in July. Oil-exporting Canada has been hit by a slide in crude prices and the Bank of Canada has cut interest rates twice this year to try to stimulate the ec