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.

洞察:
Economic activity in Canada CACA 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.
A view shows the sunrise over Lake Ontario in Toronto, Ontario, Canada, on March 2, 2025. REUTERS/Carlos Osorio
A view shows the sunrise over Lake Ontario in Toronto, Ontario, Canada, on March 2, 2025. REUTERS/Carlos Osorio
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