The Ivey Purchasing Managers Index in Canada eased to 50.1 in August 2025, from a one-year high of 55.8 in July and below market expectations of 53.1. The latest reading suggested that economic activity has nearly stalled, with both the employment index (46 vs 51.2 in July) and supplier deliveries (47 vs 50) slipping into contraction territory. Meanwhile, the inventories index edged up to 49.5 from 48.5, signaling a slower pace of decline. The price gauge cooled down to 65.1 from 68.5.