2026.06.0514:00:00UTC+00Canada’s Ivey PMI Edges Higher in May, Signaling Steady Expansion

Canada’s business activity continued to expand in May, as the Ivey Purchasing Managers Index (PMI) inched up to 58.2, from 57.7 in April 2026. The fresh data, released on 5 June 2026, points to a modest strengthening in purchasing activity and overall economic momentum.

The move from 57.7 to 58.2 keeps the index comfortably above the 50-point threshold that separates expansion from contraction. While the increase is not dramatic, it suggests that Canadian firms are still seeing healthy demand and are maintaining or slightly increasing their levels of purchasing and production.

With two consecutive months of readings well in expansionary territory, the latest Ivey PMI data for May 2026 reinforces the picture of a Canadian economy that is growing at a steady, if measured, pace. Markets and policymakers will be watching subsequent releases to see if this upward trend in business activity continues into the second half of the year.