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CAE employees work in the CAE manufacturing plant in Montreal on December 11, 2025. (11/12/2025)Andrej Ivanov/The Globe and Mail

Canadian ​economic activity expanded ‍in December as employment increased at the ‍fastest ​pace in 10 months, Ivey Purchasing Managers Index (PMI) data showed on Wednesday.

The seasonally ⁠adjusted index rose to 51.9 last month from 48.4 in November.

The Ivey PMI ‌measures ‍the month to ‍month variation in economic ‌activity as indicated ⁠by a panel ​of purchasing managers from across Canada. A reading above 50 indicates an increase in activity.

The ​gauge of employment increased to an adjusted 53.0 from 48.0 in November, posting its highest ⁠level since February, while ⁠the prices index was at ‌63.2, down from 66.1.

The unadjusted PMI dipped to 43.3 from 44.5.