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. source: S&P Global

Services PMI in Canada increased to 49.10 points in July from 47.10 points in June of 2026. Services PMI in Canada averaged 48.63 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 49.10 points in July from 47.10 points in June of 2026. Services PMI in Canada is expected to be 49.50 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 322.00 300.00 Companies Jun 2026
Business Outlook Survey Indicator -0.39 -0.35 points Jun 2026
Ivey PMI s.a 55.10 56.20 points Jul 2026
Capacity Utilization 82.30 82.20 percent Jun 2026
New Motor Vehicle Sales 190167.00 190600.00 Units Jun 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 135.00 125.00 Jul 2026
Industrial Production 2.40 0.40 percent May 2026
Industrial Production Mom 0.90 1.40 percent May 2026
Manufacturing Production 0.10 -1.40 percent May 2026
Manufacturing Sales MoM -0.20 0.10 percent Jul 2026
Mining Production 6.70 3.50 percent May 2026
New Orders 80401800.00 86310297.00 CAD Thousand Jun 2026
CFIB Business Barometer 57.60 58.30 points Aug 2026
Wholesale Sales MoM 2.80 0.00 percent Jun 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
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
Canada Services Activity Contracts
Canada's S&P Global Services PMI fell to 47.1 in June 2026 from 50.6 in May, signalling a contraction in the services sector and the steepest decline in activity since February. Business activity weakened as new orders fell for a second straight month, with firms citing high prices and geopolitical uncertainty as key factors weighing on domestic and foreign demand. Meanwhile, employment increased marginally as companies added staff to expand capacity, helping reduce backlogs of work at the fastest pace since January. On the price front, input cost inflation eased sharply from May's four-year high but remained elevated due to higher energy, fuel, and wage costs. Selling price inflation also moderated to a three-month low as weaker demand limited firms' pricing power. Business confidence deteriorated for a second consecutive month, falling to its lowest level since November 2025.
2026-07-06
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