The Ivey Purchasing Managers Index was at 58.3 on a seasonally adjusted basis in October, indicating that purchasing activity in Canada expanded from September. The index, which measures changes in economic activity as indicated by a panel of purchasing managers from across Canada, is sponsored by the Richard Ivey School of Business at Western University. An index greater than 50 indicates an expansion of purchasing activity, while an index below 50 indicates a decline. The employment index for October was at 56.4, indicating employment was higher than in the previous month. The inventories index was at 48.2, ... (full story)