MacroNATGAS

CAD: Ivey PMI

CAD | medium

Kacper MrukJune 5, 2026Updated: May 31, 20261 min read

The Ivey PMI is an economic activity indicator in Canada that measures changes in the level of activity in the services sector. A value above 50 indicates expansion, while below 50 indicates contraction. This reading is significant for investors as it may influence monetary policy decisions by the B...

IndicatorValue
Forecast54.5
Previous57.7

The Ivey PMI is an economic activity indicator in Canada that measures changes in the level of activity in the services sector. A value above 50 indicates expansion, while below 50 indicates contraction. This reading is significant for investors as it may influence monetary policy decisions by the Bank of Canada.

Watchlist: DXY reaction, UST yields, credit spreads

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Market Impact

The Ivey PMI reading stood at 57.7, significantly higher than the forecast of 54.5 and the previous result. This outcome suggests stronger-than-expected activity in the services sector, which could positively impact Canada's economic outlook. In the near term, a strengthening of the Canadian dollar and an increase in stock indices can be anticipated, while bond yields may rise slightly in response to the better data. It is important to monitor market reactions to volatility and investor sentiment, as well as to keep an eye on the yield curve and the US dollar index (DXY) in the context of further movements.

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How do macroeconomic factors affect trading?
Macro factors like inflation, interest rates, GDP growth, and employment data influence currency values, commodity prices, and stock markets. Traders use this data to anticipate market movements.

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