Sigmanomics — The Market Forecast Engine

Canada Ivey PMI Rises to 57.7, Surpassing Consensus Estimate

Canada’s Ivey Purchasing Managers Index (PMI) registered 57.7 for April 2026, beating the consensus estimate of 49.9. The April reading jumped from March’s 49.7, marking an increase of 8.0 points month-over-month. With the PMI now well above the 50 threshold, Canadian business activity returned to expansion after contracting in the previous month. The surge was largely driven by stronger new orders, reflecting renewed demand across key sectors. April’s figure also stands above the 12-month rolling average of 50.30, signaling a notable improvement compared to recent trends and supporting optimism for Canada’s economic momentum. Market participants await the Bank of Canada’s next policy decision and upcoming employment data for further signals on the economic outlook. Updated 5/6/26