FX.co ★ Canada Ivey PMI Eases

In March 2025, the Ivey Purchasing Managers Index for Canada decreased to 51.3, down from a seven-month peak of 55.3 in February, and fell short of the anticipated 53.2. Despite this, the index continued to indicate economic expansion, recovering from the 2020 low of 47.1 in January. This growth was largely driven by a bounce back in inventories, which rose to 53.0 from 49.4. Nonetheless, there were some negative signs as employment figures fell to 48.2 from 53.7, supplier deliveries further decelerated to 43.2 from 47.6, and inflationary pressures escalated, climbing to 75.6 from 71.5.