FX.co ★ Canada’s Ivey PMI Cools in September, Signalling Slower Economic Momentum

Canada’s business activity showed signs of cooling in September 2026, as the Ivey Purchasing Managers Index (PMI) fell to 58.2 from 64.3 in August. The latest reading, updated on 06 October 2026, indicates that while the Canadian economy is still expanding, the pace of growth has eased.

The decline from August’s strong showing suggests a moderation in demand and purchasing activity across Canadian firms. A PMI reading above 50 continues to signal expansion, but September’s retreat from August’s level points to a less robust environment for new orders, production, and employment.

Analysts and market participants will be watching upcoming data closely to determine whether September’s softer reading represents a temporary pause after a strong summer, or the beginning of a more sustained cooling phase for Canada’s economic momentum.