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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Capacity Utilization fell to 78.5% in October 2025
FMPMonthlyReleased March 2026
Canada Capacity Utilization fell to 78.5% in October 2025, released March 2026, down 0.4% from September's 78.9% reading. The reading matched the 78.4% consensus. Year-over-year, the indicator is down 1.3%. Capacity Utilization is now the lowest in 60 months.
Latest Release
78.5
Actual
78.4
Consensus
78.9
Previous
Median Absolute Error
±0.4 percentage points
across last 12 releases
Last Call
Mar 2026
Predicted: 78.4
Actual: 78.5
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Capacity Utilization (Canada) was reported at 78.5% in March 2026. This beat the market consensus of 78.4% by 0.1%. The reading fell from the previous value of 78.9%. Trailing 12-month context per ETL data through March 2026.
WHY IT MATTERS
The trailing three releases averaged 78.77%, down from the prior three at 79.73%. In March readings over the past 3 years, Capacity Utilization has averaged 79%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.4%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jul 20) and Core Inflation Rate YoY (Jul 20).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Capacity Utilization - CA
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About Capacity Utilization — Canada
DEFINITION
Capacity Utilization is a financial indicator that measures the extent to which a company or industry is utilizing its maximum production capacity. It is calculated by dividing the actual output by the potential output and is expressed as a percentage. This indicator provides valuable insights into the efficiency and productivity of a business, as well as its potential for growth and expansion. A high capacity utilization rate indicates that a company is operating at optimal levels, while a low rate may suggest room for improvement and potential cost savings. Overall, capacity utilization is a key metric for assessing the overall health and performance of a company or industry.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2025): actual 78.5 %, consensus 78.4 %. Prior reading (Jul 2025): 78.5 %. Before that (Apr 2025): 79.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CA Events
| Monday, July 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.6 | 0.1 | 0.05 | Low | |
| 12:30 | CA | Inflation Rate YoY | 3.2 | 3 | 2.95 | High | |
| 12:30 | CA | Core Inflation Rate YoY | 2.2 | 2.4 | 2.45 | Medium | |
| 12:30 | CA | Inflation Rate MoM | 1 | 0.3 | 0.25 | Medium | |
| 12:30 | CA | CPI YoY | 2.1 | 2.5 | 2.50 | Low | |