Canada’s economic activity showed a marked acceleration in August 2026, as the Ivey Purchasing Managers Index (PMI) non-seasonally adjusted rose to 62.7. This represents a notable improvement from July 2026, when the index stood at 54.1, according to data updated on 4 September 2026.
The move deeper into expansion territory suggests a broad-based strengthening in business conditions across Canadian firms, with the reading well above the neutral 50 level that separates contraction from growth. The sharp month-on-month increase indicates that purchasing activity and demand have picked up meaningfully since July, pointing to firmer underlying momentum in the Canadian economy as it moves through the third quarter of 2026.
