It measures the activity and level of purchasing managers in Canada. It is joint project of Richard Ivey School of Business and Purchasing Management Association of Canada. The traders and investors watch Ivey Purchasing Managers Index Canada closely because it has great impact on overall economic health of Canada. Reading above 50 is taken as expansion which indicate economic growth while reading below 50 indicate contraction which is signal of bearish market trend.
Ivey Purchasing Managers Index Canada is released on monthly usually on 4th working day of every month at 10:00 AM EST by Richard Ivey School of Business and Purchasing Management Association of Canada.