Canada’s economic activity accelerated in February 2026, as the Ivey Purchasing Managers Index (PMI) rose to 56.6, up from 50.9 in January 2026. The latest reading, updated on 06 March 2026, moves the index more firmly into expansion territory, indicating a stronger pace of growth in business conditions.
The increase from just above the growth threshold in January suggests that purchasing activity and demand have picked up meaningfully across Canadian firms. A PMI reading above 50 typically reflects expansion in economic activity, and February’s figure points to improving confidence and rising orders compared with the start of the year.
