Canadian manufacturing PMI hits 13-month high amid renewed improvement in order books

Business conditions across the Canadian manufacturing sector improved for the second month running in February, albeit only marginally. This mainly reflected rising volumes of new work and a sustained upturn in employment, alongside stable production volumes. However, goods producers continued to face challenges from weaker export sales and rising inflationary pressures. The latest increase in average cost burdens was the steepest since August 2025, which led to another robust rise in factory gate prices. The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index™ (PMI®), a composite ... (