FX.co ★ Canada Ivey PMI Returns to Expansion in December

In December 2025, Canada's Ivey Purchasing Managers Index increased to 51.9, up from 48.4 in November. This exceeded market predictions, which had anticipated a reading of 49.5, indicating a shift back into expansionary mode after a previous month of contraction. The Employment Index saw an improvement, rising to 53 from 48, which reflects enhanced labor market conditions. Conversely, the Inventories Index decreased to 45.8 from 50, and the Supplier Deliveries Index dropped to 47.7 from 49.8, indicating slightly swifter delivery times. Additionally, there was a notable easing in price pressures, as seen in the decline of the Prices Index to 63.2 from 66.1.