FX.co ★ Canada’s Ivey PMI Drops in October, Signaling Slower Business Activity Momentum

Canada’s Ivey Purchasing Managers Index (PMI) non-seasonally adjusted cooled in October 2026, pointing to a slowdown in business activity after a stronger showing a month earlier. The index fell to 56.4 in October from 61.9 in September.

The October reading, while still above the 50-point threshold that typically separates expansion from contraction, indicates that the pace of growth has moderated compared with September 2026. The data, updated on 06 November 2026, suggests Canadian purchasing activity and overall business conditions remain in expansionary territory, but with less momentum heading into the final months of the year.

Market participants and analysts tracking the Ivey PMI will likely view the October decline as a sign that demand and activity are normalizing from previously elevated levels, with implications for expectations around corporate revenues, hiring plans, and broader economic growth in Canada.