Canada's S&P Global Services PMI Business Activity Index rose to 47.2 in March from 46.5 in February — its best reading in five months — though still indicating a solid decline in activity. New business continued to decline, but the rate of contraction eased to the weakest in five months. The Middle East war directly impacted operating expenses, with input price inflation accelerating to a nine-month high. Firms responded by raising charges at a quicker pace than recent months. Wage costs increased despite average staffing reductions. Employment fell for the seventh consecutive month, though only modestly and at the weakest rate in the current downturn. Looking ahead, service providers signaled higher confidence in the outlook, with sentiment reaching its highest level in six months. source: S&P Global

Services PMI in Canada increased to 47.20 points in March from 46.50 points in February of 2026. Services PMI in Canada averaged 48.61 points from 2020 until 2026, reaching an all time high of 56.10 points in March of 2022 and a record low of 41.20 points in March of 2025. This page includes a chart with historical data for Canada Services PMI.

Services PMI in Canada increased to 47.20 points in March from 46.50 points in February of 2026. Services PMI in Canada is expected to be 50.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Services PMI is projected to trend around 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 320.00 288.00 Companies Feb 2026
Business Outlook Survey Indicator -0.36 -1.78 points Mar 2026
Ivey PMI s.a 49.70 56.60 points Mar 2026
Capacity Utilization 78.50 78.90 percent Dec 2025
New Motor Vehicle Sales 124004.00 114261.00 Units Feb 2026
Changes in Inventories -10099.00 13364.00 CAD Million Dec 2025
Corporate Profits 150155.00 151381.00 CAD Million Dec 2025
Corruption Index 75.00 75.00 Points Dec 2025
Corruption Rank 16.00 15.00 Dec 2025
Crude Oil Rigs 120.00 152.00 Mar 2026
Industrial Production -2.10 -0.60 percent Jan 2026
Industrial Production Mom 0.00 0.30 percent Jan 2026
Manufacturing Production -4.20 -2.10 percent Jan 2026
Manufacturing Sales MoM 3.50 3.60 percent Mar 2026
Mining Production 0.30 1.40 percent Jan 2026
New Orders 73776787.00 69175318.00 CAD Thousand Feb 2026
CFIB Business Barometer 58.50 55.70 points Apr 2026
Wholesale Sales MoM 1.30 2.00 percent Mar 2026


Canada Services PMI
The S&P Global Canada Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Survey responses indicate the direction of change compared to the previous month. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The headline figure is the Services Business Activity Index, which is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Canada's Services PMI Improves in March
Canada's S&P Global Services PMI Business Activity Index rose to 47.2 in March from 46.5 in February — its best reading in five months — though still indicating a solid decline in activity. New business continued to decline, but the rate of contraction eased to the weakest in five months. The Middle East war directly impacted operating expenses, with input price inflation accelerating to a nine-month high. Firms responded by raising charges at a quicker pace than recent months. Wage costs increased despite average staffing reductions. Employment fell for the seventh consecutive month, though only modestly and at the weakest rate in the current downturn. Looking ahead, service providers signaled higher confidence in the outlook, with sentiment reaching its highest level in six months.
2026-04-06
Canada Services Sector Contraction Eases in February
The S&P Global Canada Services PMI rose to 46.5 in February 2026 from 45.8 in January, signaling a slower pace of contraction in activity. New orders declined for the 15th consecutive month, though the rate of decline was the weakest since October 2025. With demand still weak, firms either chose not to replace departing workers or resorted to layoffs, pushing employment down for the sixth straight month. Input price inflation continued to ease, reaching its lowest level since September 2024, while output prices rose slightly faster, though still well below input cost levels. Business confidence edged up to its highest since October 2025, fueled by hopes that demand will improve, partly due to upcoming sporting events expected to boost tourism in Canada.
2026-03-04
Canada Service Activity Remains Weak
The S&P Global Canada Services PMI fell to 45.8 in January from 46.5, signalling a third consecutive monthly decline in service sector output. New business volumes contracted for a fourteenth straight month, with the latest drop the steepest since April. New export orders also declined, as some firms cited tariffs as making trade with the US unprofitable. Weak demand led to a sharp fall in backlogs, even as employment declined for a fifth month, though only modestly. Input costs rose sharply, driven by higher supplier prices and tariffs, while competitive pressures and weak demand limited firms’ ability to raise prices. Despite these conditions, business confidence remained positive, supported by expectations of stronger activity and easing trade uncertainty.
2026-02-04