Canada Confiance Des Entreprises

The Ivey Purchasing Managers Index in Canada rose to 54.7 in December 2024, up from 52.3 in November but below market expectations of 55.4. This suggests that economic expansion remained steady for the fourth consecutive month, with employment growth improving (55.3 vs. 54.6), while inventory levels surged (55.2 vs. 50.1). Meanwhile, price pressures eased, with the price index falling to 61.5 from 62.9, signaling growing inflationary concerns within the economy. However, the unadjusted PMI also decreased sharply to 44.3 in December from 49.7 in the prior month.