The Daily Canuck 09.06.2026

Research evidence excerpt

The Daily Canuck 09.06.2026

Canada | Financials EquityJuneResearch9, 2026

Figure 1 - Ivey Purchasing Managers' IndexThe Daily Canuck 09.06.2026

(PMI)

The PMI data out last Friday showed another positive sign in the economy, 7065

which provides some intrigue ahead of the Bank of Canada's rate decision 60

55tomorrow. With this and a better unemployment numbers, some could argue

that a rate hike could be used to combat inflation, but the odds, in our view, are 50

still that the BoC holds pat. 4540

. Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 Nov-25 Mar-26

Source: Ivey Business School, Jefferies

** Join us as we host TD for a luncheon on June 15 (live and

virtual) and for our Canadian Bank Walking Tour on June 23 **

What you need to know:

The seasonally adjusted Ivey PMI rose to an eight-month high of 58.2 from 57.7 in April. The•

reading signalled continued expansion across the economy. Inflation pressures intensified,

as the adjusted prices index increased to 78.0 from 76.6, pointing to higher costs for

businesses. The employment component eased slightly to 54.3, indicating slower but still

positive job growth. The unadjusted PMI dipped marginally to 61.3 from 61.5, remaining firmly

in expansionary territory.

Headlines

Doug Ford: It’s time to unlock the full potential of Fortress North America (Financial Post)

Yesterday, Financial Post reported that Ontario Premier Doug Ford urged Canada, the US and

Mexico to deepen cooperation under a renewed CUSMA to unlock the full potential of “Fortress

North America.” He argued that tariffs and trade uncertainty damage workers and businesses

and instead benefit global competitors. Ford highlighted Ontario’s importance as Canada’s

economic engine and a vital US partner, supplying essentials such as critical minerals, energy