FX.co ★ Canada's Ivey PMI Signals Stagnant Economic Activity

In August 2025, the Ivey Purchasing Managers Index for Canada decreased to 50.1 from July's one-year high of 55.8, falling short of market forecasts set at 53.1. This latest figure indicates that economic activity is on the brink of stalling. Notably, both the employment index and supplier deliveries have descended into contraction, with employment dropping to 46 from July's 51.2, and supplier deliveries decreasing to 47 from 50. Simultaneously, the inventories index saw a slight increase to 49.5 from 48.5, suggesting a deceleration in its decline. On the other hand, the price index lowered to 65.1 from 68.5, indicating a moderation in inflationary pressures.