FX.co ★ Canada’s Ivey PMI Eases in June, Signals Moderation in Business Activity

Canada’s business activity softened in June as the Ivey Purchasing Managers Index (PMI) edged down to 56.2, compared with 58.2 in May 2026. The latest reading, released on 7 July 2026, still remains above the 50-point threshold that separates expansion from contraction, indicating that overall conditions continue to grow but at a slower pace.

The decline from May’s level suggests a moderation in the pace of purchasing and business activity across Canadian firms. While the PMI’s continued position in expansionary territory points to ongoing economic resilience, the easing momentum may reflect a more cautious stance from businesses amid evolving domestic and global conditions. Investors and policymakers will be watching upcoming data closely to see whether June’s pullback marks the start of a more sustained cooling or a temporary pause in Canada’s recent economic strength.