FX.co ★ Canada’s Ivey PMI n.s.a. Rebounds in January, Signals Easing Contraction

Canada’s Ivey PMI n.s.a. showed signs of improvement at the start of 2026, rising to 47.0 in January from 43.3 in December 2025. The latest reading, updated on 06 February 2026, indicates that while overall activity in the Canadian economy remains in contractionary territory, the pace of decline has moderated.

The move from 43.3 to 47.0 suggests that purchasing activity and business conditions are stabilizing after a weaker year-end performance. Although the index remains below the 50-point threshold that separates expansion from contraction, the upward shift could be interpreted by market participants as an early signal of improving sentiment among Canadian purchasing managers. Investors and analysts will be watching upcoming data to see whether this nascent recovery in the Ivey PMI n.s.a. continues in the months ahead.