FX.co ★ Canada Ivey PMI Falls Into Contraction

In April 2025, the Ivey Purchasing Managers Index in Canada experienced a decline, falling to 47.9 from March's 51.3, and did not meet the anticipated forecast of 51.2. This indicates a contraction in economic activity for the first time since January. Additionally, the employment index saw a slight decrease to 48, down from 48.2, reflecting a reduction in workforce levels. Inventory levels, however, showed a minor increase to 53.1 from 53, implying some accumulation. Supplier delivery times continued to extend, rising to 45.1 from 43.2. The price index also fell, sliding to 70 from a previous 75.6.