FX.co ★ Canada’s Ivey PMI N.S.A. Edges Lower in May, Signals Continued Expansion

Canada’s Ivey Purchasing Managers Index (PMI) n.s.a. eased slightly in May 2026, slipping to 61.3 from 61.5 in April, according to data updated on 5 June 2026. Despite the marginal decline, the index remains well above the 50-point threshold that separates expansion from contraction, indicating that Canadian business activity continued to grow at a robust pace.

The near-steady reading from April’s 61.5 to May’s 61.3 suggests that overall demand and purchasing activity across Canadian firms stayed strong, with only a modest cooling. The data for May 2026 reinforces the picture of a still-expansive environment for services and goods, pointing to ongoing resilience in Canada’s private sector as the second quarter progresses.