FX.co ★ Canada’s Ivey PMI Surges Back to Expansion in February

Canada’s Ivey Purchasing Managers Index (PMI) n.s.a jumped back into expansion territory in February 2026, signaling a sharp improvement in business activity. The index rose to 56.3 in February from 47.0 in January, according to data updated on 6 March 2026.

The move above the 50-point threshold marks a notable turnaround from January’s contractionary reading and suggests a strengthening in overall purchasing activity across Canadian organizations. While detailed sectoral breakdowns were not provided, the month‑to‑month swing indicates a broad-based rebound in demand and operational conditions compared with the start of the year.

The February reading at 56.3 may help ease concerns about the momentum of Canada’s economy after the weaker January figure, and will likely be monitored closely by businesses and investors as an early signal of shifting economic conditions.