FX.co ★ Canada Economic Activity Rises the Most in 8 Months

Canada’s Ivey PMI rose to 58.2 in May 2026 from 57.7 in April, beating market expectations of 55. This latest reading signals a faster pace of economic activity compared with the previous month and marks the strongest expansion since September 2025. The employment index edged down slightly to 54.3 from 54.7 but continued to indicate robust job growth. The supplier deliveries index ticked up to 44.7 from 44.3, while the inventories index fell sharply to 47.9 from 56.5, pointing to a substantial drawdown in stock levels. Price pressures continued to build, with the prices index rising to 78.0 from 76.6, underscoring persistent inflationary momentum across businesses.