Back to Glossary
General TradingI
Ivey Purchasing Managers Index
A Canadian economic indicator based on a monthly survey of purchasing managers that measures business sentiment. A reading above 50 indicates an expanding economy; below 50 indicates contraction.
Example
“For example, if the Ivey PMI surges to 62 from 55, CAD/USD may strengthen as the data suggests the Canadian economy is expanding robustly, potentially leading to Bank of Canada rate hikes.”