The Ivey Purchasing Managers' Index (PMI) is a key monthly indicator of economic activity in Canada, measuring the change in purchasing managers' sentiment across the country. Unlike other PMI reports, the Ivey index covers a broad range of sectors, making it a vital tool for assessing the overall health of the Canadian economy. For forex traders, this data is essential for gauging the strength of the CAD, as it provides early signals on business investment and consumer demand.

For the upcoming release on October 6, 2026, at 14:00 GMT, the market forecast stands at 65.2, an increase from the previous reading of 64.3. A result that meets or exceeds this expectation would likely be viewed as a positive sign for the Canadian economy, potentially supporting the CAD in the short term. Conversely, a significant miss could lead to a pullback in the currency as investors adjust their outlook on Canadian growth.

This release comes at a time when the Bank of Canada is carefully balancing its inflation targets with the need to support economic growth. The Ivey PMI helps provide context for the central bank's policy decisions, as strong business activity often correlates with inflationary pressures. Traders will be monitoring the report to see if the expansionary trend continues, which could influence the CAD's performance against the USD and other major currencies in the coming weeks.