The S&P Global Canada Services PMI increased from 49.2 in April to 50.6 in May 2026, indicating renewed growth in the services sector after seven months of contraction and the strongest performance since November 2024. However, it was limited by a net reduction in new business volumes as economic uncertainty, especially in relation to the conflict in the Middle East, was weighing on market activity. This was the case for both domestic and international clients. Meanwhile, employment numbers were reduced marginally in response. Latest data also showed a noticeable acceleration of input price inflation, with costs rising at their fastest rate for four years on the back of increased fuel and wage expenses. Service providers raised their own selling prices, with inflation the highest since July 2023. source: S&P Global

Services PMI in Canada increased to 50.60 points in May from 49.20 points in April of 2026. Services PMI in Canada averaged 48.64 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 50.60 points in May from 49.20 points in April 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 54.00 points in 2027 and 52.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 335.00 320.00 Companies Mar 2026
Business Outlook Survey Indicator -0.36 -1.78 points Mar 2026
Ivey PMI s.a 57.70 49.70 points Apr 2026
Capacity Utilization 78.50 78.90 percent Dec 2025
New Motor Vehicle Sales 176500.00 124004.00 Units Mar 2026
Changes in Inventories 10630.00 -12627.00 CAD Million Mar 2026
Corporate Profits 151074.00 155399.00 CAD Million Mar 2026
Corruption Index 75.00 75.00 Points Dec 2025
Corruption Rank 16.00 15.00 Dec 2025
Crude Oil Rigs 82.00 120.00 Apr 2026
Industrial Production -1.80 -1.50 percent Mar 2026
Industrial Production Mom -0.20 1.00 percent Mar 2026
Manufacturing Production -2.40 -3.60 percent Mar 2026
Manufacturing Sales MoM 4.60 3.00 percent Apr 2026
Mining Production -1.20 3.00 percent Mar 2026
New Orders 71102383.00 72439916.00 CAD Thousand Apr 2026
CFIB Business Barometer 46.30 58.50 points May 2026
Wholesale Sales MoM 0.10 1.90 percent Apr 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 Services Sector Returns to Growth
The S&P Global Canada Services PMI increased from 49.2 in April to 50.6 in May 2026, indicating renewed growth in the services sector after seven months of contraction and the strongest performance since November 2024. However, it was limited by a net reduction in new business volumes as economic uncertainty, especially in relation to the conflict in the Middle East, was weighing on market activity. This was the case for both domestic and international clients. Meanwhile, employment numbers were reduced marginally in response. Latest data also showed a noticeable acceleration of input price inflation, with costs rising at their fastest rate for four years on the back of increased fuel and wage expenses. Service providers raised their own selling prices, with inflation the highest since July 2023.
2026-06-04
Canada Services Activity Falls Less in April
Canada’s S&P Global Services PMI Business Activity Index rose to 49.2 in April from 47.2 in March, but remained below the 50.0 threshold for a sixth straight month. The sector showed signs of stabilization, with activity declining only marginally and at the slowest pace in six months. Firms increased staffing levels for the first time since August 2025, while business confidence climbed to a one-and-a-half-year high. However, concerns over the Middle East conflict and tariffs persisted, with firms reporting higher operating costs. Selling prices rose at the fastest pace in two years, reflecting mounting cost pressures.
2026-05-05
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