Canada Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
53.5
Forecast
51
Previous
53.0
Source: S&P Global. Figures as released; revisions appear in the next print.
Canada Manufacturing PMI for July 2026 came in at 53.5 versus 51 expected (previous 53.0), above forecast, which was positive for the CAD.
What it meant for the Canadian Dollar
The actual landed above the 51 forecast (2.5 above expectations). A reading above forecast is generally bullish for the CAD, and below forecast bearish. On this release the read was positive for the CAD.
New to this release? See what Canada Manufacturing PMI measures, the next release and its full history.