Canadian economic activity slows in January as employment dips
The Ivey Purchasing Managers Index fell to 50.9 last month from 51.9 in December. While activity continues to expand, employment growth slowed significantly.
Insights:
Economic activity in Canada 
CA expanded at a slower pace in January, as the Ivey Purchasing Managers Index (Ivey PMI) edged down to 50.9 from a December reading of 51.9. The data, released today on February 6, 2026, indicates that while the Canadian economy remains in expansionary territory, the rate of growth has moderated at the start of the year. The reading remains above the 50-point threshold, which separates expansion from contraction in the national economy.
CA expanded at a slower pace in January, as the Ivey Purchasing Managers Index (Ivey PMI) edged down to 50.9 from a December reading of 51.9. The data, released today on February 6, 2026, indicates that while the Canadian economy remains in expansionary territory, the rate of growth has moderated at the start of the year. The reading remains above the 50-point threshold, which separates expansion from contraction in the national economy.
