Canada’s Ivey Purchasing Managers Index (PMI) eased in January 2026, signaling a modest cooling in business activity at the start of the year. The index fell to 50.9 in January from 51.9 recorded in December 2025, according to data updated on 6 February 2026.
While the reading remains marginally above the 50-point threshold that separates expansion from contraction, the decline suggests that growth in Canadian purchasing activity has slowed. The back-to-back figures — 51.9 in December and 50.9 in January — point to a more cautious tone among firms as they enter 2026, with expansion still intact but losing momentum.
