The Canadian economic landscape presents a dynamic intersection of rising headline inflation and a surprisingly robust labour market. Following a net contraction in early 2026, the latest employment figures reveal a notable rebound. The addition of 88,000 jobs in May, bringing the unemployment rate down to 6.6%, contrasts
Continued Economic Expansion
The Canadian economy demonstrated continued resilience in May 2026, as reflected by the most recent Ivey Purchasing Managers Index. The headline index rose to 58.2, up from 57.7 in April, notably exceeding market forecasts that had anticipated a cooling to 55. A reading above 50
On the shop floors of Southern Ontario and the industrial parks ringing Montreal, something that has not happened consistently in years is underway: employers are adding workers to keep pace with orders, not just to replace the ones who left.
The S&P Global Canada Manufacturing Purchasing Managers'
On the shop floors of Southern Ontario and the industrial parks ringing Montreal, something that has not happened consistently in years is underway: employers are adding workers to keep pace with orders, not just to replace the ones who left.
The S&P Global Canada Manufacturing Purchasing Managers'
The Canadian economic landscape presents a dynamic intersection of rising headline inflation and a surprisingly robust labour market. Following a net contraction in early 2026, the latest employment figures reveal a notable rebound. The addition of 88,000 jobs in May, bringing the unemployment rate down to 6.6%, contrasts
Continued Economic Expansion
The Canadian economy demonstrated continued resilience in May 2026, as reflected by the most recent Ivey Purchasing Managers Index. The headline index rose to 58.2, up from 57.7 in April, notably exceeding market forecasts that had anticipated a cooling to 55. A reading above 50
The Bank of Canada’s decision Wednesday to keep its benchmark interest rate pegged at 2.25 percent for a fifth consecutive meeting delivered a clear message to corporate boardrooms: elevated borrowing costs are not retreating anytime soon. For the domestic staffing and recruitment industry, this extended plateau acts as
A Shift from Contraction to Expansion
Canada's services sector has officially crossed back into expansion territory, signaling a pivotal turning point for the broader economy. The latest S&P Global Canada Services Purchasing Managers' Index recorded a reading of 50.6 in May 2026, up from
The latest S&P Global Canada Manufacturing PMI points to a sector caught in a holding pattern. Factory operators are navigating a landscape shaped by shifting trade policies and hesitant domestic demand. Output and new orders reflect this caution, forcing manufacturers to keep a tight grip on operational capacity
A recent report published by Statistics Canada sheds light on the performance of Canadian industries heavily dependent on United States demand, revealing a stark contrast in labour productivity compared to the broader economy. The data indicates that between 2019 and 2024, labour productivity in sectors where 35 percent or more
The Canadian Survey on Business Conditions for the second quarter of 2026 reveals a distinct tension defining the current economic landscape, where a baseline of operational optimism runs headlong into stubborn cost pressures. Despite 66.8% of businesses maintaining an optimistic outlook for the coming year, a growing majority of
