The S&P Global Canada Services Business Activity Index rose to 48.3 in September 2026 from 46.8 in August, remaining below the critical 50.0 no-change mark. Canada’s service sector continued to face a challenging business climate, with activity and new business falling at slower rates amid uncertainty over tariffs and the war in Iran. Tariffs and elevated energy prices also drove a sharper increase in operating costs, but strong competitive pressures limited firms’ ability to pass these costs on to clients, with output price inflation falling to a seven-month low. Staffing levels declined in response to weaker activity and new business, exacerbated by difficulties finding suitably skilled workers. However, firms became more confident about the outlook, with sentiment reaching its highest level since April. source: S&P Global

Services PMI in Canada increased to 48.30 points in September from 46.80 points in August of 2026. Services PMI in Canada averaged 48.60 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 48.30 points in September from 46.80 points in August of 2026. Services PMI in Canada is expected to be 50.00 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.



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Capacity Utilization 80.70 82.20 percent Jul 2026
New Motor Vehicle Sales 176200.00 190167.00 Units Jul 2026
Changes in Inventories -16129.00 10630.00 CAD Million Jun 2026
Corporate Profits 162059.00 152067.00 CAD Million Jun 2026
Corruption Index 75.00 75.00 Points Dec 2025
Corruption Rank 16.00 15.00 Dec 2025
Crude Oil Rigs 147.00 134.00 Aug 2026
Industrial Production 1.70 2.00 percent Jul 2026
Industrial Production Mom 0.00 0.40 percent Jul 2026
Manufacturing Production -0.10 2.40 percent Jul 2026
Manufacturing Sales MoM 1.10 -0.40 percent Aug 2026
Mining Production 2.80 5.70 percent Jul 2026
New Orders 81206671.00 80663611.00 CAD Thousand Jul 2026
CFIB Business Barometer 47.90 57.60 points Sep 2026
Wholesale Sales MoM -1.50 0.30 percent Aug 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 PMI Remains in Contraction
The S&P Global Canada Services Business Activity Index rose to 48.3 in September 2026 from 46.8 in August, remaining below the critical 50.0 no-change mark. Canada’s service sector continued to face a challenging business climate, with activity and new business falling at slower rates amid uncertainty over tariffs and the war in Iran. Tariffs and elevated energy prices also drove a sharper increase in operating costs, but strong competitive pressures limited firms’ ability to pass these costs on to clients, with output price inflation falling to a seven-month low. Staffing levels declined in response to weaker activity and new business, exacerbated by difficulties finding suitably skilled workers. However, firms became more confident about the outlook, with sentiment reaching its highest level since April.
2026-10-05
Canada Services PMI Falls to Six-Month Low
Canada’s S&P Global Services PMI fell to 46.8 in August 2026 from 49.1 in July, marking a third consecutive month of contraction in service-sector activity and the steepest decline since February. Activity and new business volumes fell at faster rates as ongoing uncertainty kept clients reluctant to commit to new contracts. Business confidence about the year ahead dropped to its lowest level in more than a year, with rising prices also seen as a threat to future performance. Tariffs and trade tensions with the US, along with the conflict in the Middle East and resulting volatility in international energy prices, weighed on demand from both domestic and international clients. New export business declined at a solid, albeit slower, pace in August. Meanwhile, weak and competitive demand limited firms’ ability to raise selling prices. Employment was little changed during the latest survey period after two months of modest growth.
2026-09-03
Canada Services PMI Remains in Contraction
Canada's S&P Global Services PMI rose to 49.1 in July 2026 from 47.1 in June but remained below the 50.0 threshold, signaling a second consecutive, albeit milder, contraction in the services sector. Business conditions continued to be weighed down by tariffs and geopolitical tensions, which dampened both current activity and the outlook. Output and new orders declined again, though at a slower pace, while business confidence fell to its lowest level of 2026. Meanwhile, input cost inflation remained elevated, driven by tariffs, higher energy and fuel costs linked to the Middle East conflict, and rising labor expenses. Firms continued to raise selling prices despite weak demand, highlighting persistent inflationary pressures and risks to the broader economic outlook.
2026-08-06