Canada’s business activity softened in June as the Ivey Purchasing Managers Index (PMI) edged down to 56.2, compared with 58.2 in May 2026. The latest reading, released on 7 July 2026, still remains above the 50-point threshold that separates expansion from contraction, indicating that overall conditions continue to grow but at a slower pace.
The decline from May’s level suggests a moderation in the pace of purchasing and business activity across Canadian firms. While the PMI’s continued position in expansionary territory points to ongoing economic resilience, the easing momentum may reflect a more cautious stance from businesses amid evolving domestic and global conditions. Investors and policymakers will be watching upcoming data closely to see whether June’s pullback marks the start of a more sustained cooling or a temporary pause in Canada’s recent economic strength.
