Canada Confiance Des Entreprises

The Ivey Purchasing Managers Index in Canada dropped to 47.9 in April 2025 from 51.3 in March, missing expectations of 51.2 and signaling a contraction in economic activity for the first time since January. The employment index also declined to 48 from 48.2, pointing to a reduction in workforce levels. Also, inventories edged up to 53.1 from 53, suggesting some buildup, and supplier deliveries lengthened further (45.1 vs 43.2). Meanwhile, the price index fell to 70 from 75.6.