Canada manufacturing growth weakest in 21 months in January

The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 51.0 last month from 53.9 in December. The price of oil has more than halved in recent months, potentially problematic for Canada, which counts oil as a major export. "The latest data indicates that Canada's manufacturers started the year with concerns around uncertainty about global growth prospects, financial market volatility and a sharp