FX.co ★ Canada’s Manufacturing Activity Strengthens as S&P Global PMI Rises to 51.0 in February

Canada’s manufacturing sector showed modest improvement in February, with the S&P Global Manufacturing PMI edging up to 51.0, from 50.4 in January 2026. The latest reading, updated on 2 March 2026, indicates a firmer move into expansion territory, as values above 50 signal growth in overall manufacturing activity.

The February uptick suggests that operating conditions in Canada’s factory sector are improving compared with the start of the year. While the gain from January is incremental, the shift to 51.0 may point to a gradual strengthening in new orders, output or capacity utilization, supporting a cautiously positive outlook for the manufacturing landscape. Investors and policymakers will be watching upcoming releases closely to assess whether this momentum can be sustained in the coming months.