FX.co ★ Canada’s Ivey PMI Eases in July, Signaling Slight Cooling in Business Activity

Canada’s Ivey Purchasing Managers Index (PMI) edged lower in July 2026, suggesting a modest cooling in business activity after a stronger showing in the previous month. The headline index slipped to 55.1 in July from 56.2 in June 2026, according to data updated on 7 August 2026.

Although the indicator has retreated from June’s level, it remains above the 50-point threshold that separates expansion from contraction, indicating that Canadian economic activity is still growing, but at a slightly slower pace. The latest reading may point to a more cautious stance among purchasing managers amid evolving business conditions, while still reflecting an underlying expansion in demand and output.