Canada’s business activity rebounded sharply in April 2026, as the seasonally adjusted Ivey Purchasing Managers Index (PMI) jumped to 57.7 from 49.7 in March 2026. The move takes the index back above the 50-point threshold that separates contraction from expansion, signaling renewed momentum in Canadian economic activity.
The latest reading suggests that purchasing activity and demand conditions improved markedly month-on-month, after March’s dip into contraction territory. The April figure at 57.7 points to broad-based strengthening in orders and business conditions across surveyed sectors.
The fresh data, updated on 06 May 2026, will likely be seen by investors and policymakers as an encouraging sign that Canada’s economy is regaining traction early in the second quarter, following a softer patch in March.
