Key facts
- Canada's total reserve assets were $126.9 billion in May.
- This is an increase from the previous total of $126.7 billion.
- Canada's composite PMI rose to 52.3 in May.
- Canada's services PMI increased to 54.2 in May.
Canada's total reserve assets for May were reported at $126.9 billion, a marginal increase from the previous period's $126.7 billion. This indicates a slight expansion in the nation's reserve assets. In parallel, economic activity showed improvement, with Canada's composite Purchasing Managers' Index (PMI) rising to 52.3 in May from 50.4 in April. The services sector also experienced growth, as its PMI climbed to 54.2 in May, up from 52.1 in the prior month. These figures suggest a modest uptick in both overall economic sentiment and service sector performance.