Canada Economic Activity Expands in April

Canada’s Ivey PMI rose to 57.7 in April 2026, the highest level in seven months, rebounding from 49.7 in March, beating forecasts of 49.9 and signaling broad economic expansion. The Employment Index increased to 54.7 from 51.1, while the Inventories Index climbed to 56.5 from 49.4. The Supplier Deliveries Index rose to 44.3 from 38.8. Meanwhile, the Prices Index edged higher to 76.6 from 75.7, pointing to persistent cost pressures.

Canada’s Ivey PMI tumbled to 49.7 in March 2026 from 56.6 in February, missing forecasts of 55.9 and signaling broader economic contraction. The Prices Index surged to 75.7 from 63.4, reflecting intensifying inflationary pressure. Inventories dropped to 49.4 from 57.2, suggesting destocking activity. Meanwhile, the Supplier Deliveries Index fell to 38.8 from 45.2, indicating slower input flows. The Employment Index rose to 51.1 from 49.4, hinting at stronger hiring momentum despite overall contraction.

Canada’s Ivey PMI rose to 56.6 in February 2026 from 50.9 in January, exceeding forecasts of 51.1 and signaling broader economic expansion. The Prices Index eased to 63.4 from 64.8, reflecting moderating inflationary pressure. Inventories climbed to 57.2 from 50.9, suggesting restocking activity. Meanwhile, the Supplier Deliveries Index fell to 45.2 from 49.2, indicating slower input flows. The Employment Index eased to 49.4 from 51.1, hinting at softer hiring momentum despite overall growth.