Canada’s Ivey Purchasing Managers Index jumped to 59.8 in September 2025 from 50.1 in August, marking a 16-month high and beating market expectations of 51.2. Employment improved (50.2 vs 46.0), while inventories also increased (56.4 vs 49.5). Supplier deliveries slowed slightly (46.4 vs 47.0), and price pressures eased (63.2 vs 65.1), suggesting a more balanced supply environment.