02.07.202613:57:24UTC+00Canada PMI Signals Solid Factory Expansion

The S&P Global Canada Manufacturing PMI held at 53.0 in June 2026, virtually unchanged from 52.9 in May, signaling a third consecutive month of solid growth in factory activity. Both output and new orders rose for the third month running, supported by new product launches. However, firms reported that tariffs continued to dampen demand, and export orders declined for the first time in three months.

Rising backlogs led manufacturers to increase staffing, with employment growing at the fastest rate since October 2024. Purchasing activity also picked up as firms moved to build inventories and protect against further supplier price increases. Supply chain delays worsened to their most severe level since September 2022, largely due to shipping disruptions stemming from the Iran conflict.

Input cost inflation accelerated to its highest pace since July 2022, driven by higher oil prices, transport costs, and tariffs. While business confidence remained in positive territory, it eased to a three-month low amid uncertainty surrounding US trade policy.