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Canada's Economy Soars: Strongest Growth Since July 2024

8/8/2025

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Summary

Story summary

Canada's economy surged in July, marking its strongest performance since July 2024. The Ivey Purchasing Managers Index climbed to 55.8, signaling a boost in activity. Employment saw a modest rise to 51.2, while the prices index eased to 68.5, reflecting a shift in market dynamics. The unadjusted PMI held steady at 54.6.

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Story summary

Canada's economy surged in July, marking its strongest performance since July 2024. The Ivey Purchasing Managers Index climbed to 55.8, signaling a boost in activity. Employment saw a modest rise to 51.2, while the prices index eased to 68.5, reflecting a shift in market dynamics. The unadjusted PMI held steady at 54.6.