Canada Ivey PMI Reaches Four-Year High
Canadian economic activity expanded at a faster pace in August as the Ivey Purchasing Managers Index rose to 64.3. Employment and prices both increased significantly during the month.
Canada's economic activity expanded to 64.3 in August, marking the highest reading since May 2022. The seasonally adjusted Ivey Purchasing Managers Index jumped from 55.1 in July, driven by broad gains across inventories, employment, and prices. The acceleration signals stronger domestic momentum after months of subdued growth across the national economy.
