TORONTO, Aug 7 (Reuters) - Canadian economic activity

expanded in July at the fastest pace in one year as employment

rose, Ivey Purchasing Managers Index (PMI) data showed on

Thursday.

The seasonally adjusted index rose to 55.8 last month from

53.3 in June, posting its highest level since July 2024. A

reading above 50 indicates an increase in activity.

The gauge of employment edged up to an adjusted 51.2 from

49.5 in June, while the prices index was at 68.5, down from

70.2.

The unadjusted PMI was unchanged from June at 54.6.