Canada’s economic activity showed a marked acceleration in August 2026, as the Ivey Purchasing Managers Index (PMI) jumped to 64.3, up from 55.1 in July 2026.
The sharp rise in the Ivey PMI suggests broad-based improvement in business conditions, with purchasing activity expanding at a faster pace across the Canadian economy. A reading above 50 indicates expansion, and the move deeper into positive territory points to strengthening demand and potentially increased confidence among Canadian firms.
The latest data, updated on 4 September 2026, will likely be watched closely by investors and policymakers as a sign of building economic momentum in the third quarter, with implications for future growth expectations and the outlook for interest rates.
