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

Canada’s Ivey Purchasing Managers Index (PMI) non-seasonally adjusted inched up in March 2026, suggesting stable business conditions as the first quarter drew to a close. The index rose to 56.5 in March from 56.3 in February, according to data updated on 7 April 2026.

While the move is modest, the reading remains firmly above the 50-point threshold that separates expansion from contraction. This indicates that Canadian businesses, on balance, continued to report improving activity levels compared with the previous month.

The slight uptick from February’s 56.3 suggests that demand and purchasing activity have held up into March, pointing to a broadly supportive environment for Canada’s private sector early in 2026, even if momentum gains remain incremental rather than robust.