FX.co ★ Canada’s Ivey PMI Jumps to 61.5 in April, Signaling Stronger Private Sector Momentum

Canada’s private sector activity strengthened markedly in April, as the Ivey Purchasing Managers Index (PMI) non-seasonally adjusted reading rose to 61.5. The indicator was previously at 56.5 in March 2026, underscoring a notable month-on-month acceleration in economic activity.

The move further above the 50-point threshold, which separates expansion from contraction, suggests broad-based improvement in purchasing activity and underlying demand conditions across Canadian firms. The latest data, updated on 6 May 2026, will likely be interpreted by market participants as a sign of increased momentum in the country’s economic environment during the spring period.