FX.co ★ Canada’s Ivey PMI Unexpectedly Contracts

Canada’s Ivey PMI fell sharply to 49.7 in March 2026 from 56.6 in February, well below expectations of 55.9 and pointing to a broad-based economic contraction. The Prices Index jumped to 75.7 from 63.4, underscoring mounting inflationary pressures. Inventories declined to 49.4 from 57.2, indicating active destocking. At the same time, the Supplier Deliveries Index slipped to 38.8 from 45.2, signaling slower input flows. In contrast, the Employment Index edged up to 51.1 from 49.4, suggesting firmer hiring momentum even as overall activity weakened.