Canada's economic activity continues to expand in September, but at a slower pace than in August as inflation pressures intensify. The latest Ivey Purchasing Managers Index shows the headline measure remains above the 50 mark that signals growth, while employment also improves.
Highlights
- Ivey Purchasing Managers Index fell to 58.2 in September from 64.3 in August, indicating slower growth in Canadian economic activity.
- The adjusted prices index rose to 82.8 from 80.4, signaling intensifying inflationary pressures during September.
- The employment gauge increased to 56.5 from 55.0, suggesting hiring conditions improved even as overall activity growth moderated.
September PMI and price pressures
As reported by Reuters, the seasonally adjusted Ivey Purchasing Managers Index falls to 58.2 in September from 64.3 in August, when it reached its highest level since May 2022.The Ivey PMI tracks month-to-month changes in economic activity based on a panel of purchasing managers across Canada. A reading above 50 indicates that activity is increasing.
The adjusted prices index rises to 82.8 from 80.4, pointing to stronger inflation pressures during the month.
Employment and broader business signals
The employment gauge improves to an adjusted 56.5 from 55.0 in August, indicating hiring conditions strengthen even as overall activity moderates.The unadjusted PMI eases to 61.9 from 62.7. Taken together, the data suggests the Canadian economy is still expanding, but businesses are facing firmer price pressures as momentum cools from the previous month.
Canada’s $1 billion Food-Link Fund was announced as part of the federal National Food Security Strategy to expand food distribution capacity and improve access to affordable, locally produced food. Our earlier article outlined how the program will finance wholesale food terminals and regional food hubs, with applications running from October 14 to December 11, 2026, to strengthen supply-chain resilience and reduce reliance on dominant retail distribution networks.
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