FX.co ★ Canada’s Ivey PMI Edges Higher in October, Signaling Steady Business Activity

Canada’s business activity showed a slight but positive uptick in October, as the Ivey Purchasing Managers Index (PMI) inched up to 58.3, from 58.2 in September 2026. The latest reading, updated on 06 November 2026, indicates that overall purchasing activity in the Canadian economy remains firmly in expansion territory, with any value above 50 typically signaling growth.

The marginal increase suggests that the pace of business conditions has remained broadly stable month-on-month, with firms continuing to report healthy levels of orders and purchasing volumes. While the movement from 58.2 to 58.3 is modest, it underscores a continuation of solid demand rather than a shift in direction, pointing to sustained resilience in Canada’s private-sector activity through the early part of the fourth quarter of 2026.