FX.co ★ Canada Economic Activity Contracts in November: Ivey PMI

Canada's Ivey Purchasing Managers Index dropped to 48.4 in November 2025, down from 52.4 in October and significantly below the anticipated 53.6. This figure represents the first occurrence of economic contraction after five months of continuous growth. The decline is attributed to a decrease in the employment index, which fell to 48.0 from 51.8, and a drop in the inventory index to 50.0 from 51.7. Conversely, supplier deliveries increased to 49.8 from 45.4, and the prices index rose to 66.1 from 64.3.