TORONTO, Aug 7 (Reuters) - Canadian economic activity

expanded at ​a slower pace in ‌July as a measure of employment

declined and price increases accelerated, Ivey Purchasing

​Managers Index (PMI) data showed ​on Friday.

* The seasonally adjusted index fell to 55.1 from 56.2 in

June, marking its ​lowest level since March.

* The Ivey PMI measures the month to month ​variation in

economic activity ​as indicated by a panel of ‌purchasing

⁠managers from across Canada. A reading above 50 indicates an

increase in activity.

* The ​gauge of ​employment ⁠dipped to an adjusted 52.2 from

53.6 in June.

* The adjusted prices ​index ⁠was at 75.5, up from 73.7.

* The unadjusted PMI fell ​to 54.1 from 59.7.