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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Exports climbed to 77.1B in May 2026
FMPMonthlyReleased July 2026
Canada Exports climbed to 77.1B in May 2026, released July 2026, up 0.7B from April's 76.4B reading. The reading matched the 74B consensus. Exports has now risen for 5 consecutive months. Over the past 3 months, Exports averaged 73.97B, vs 64.59B in the prior 3-month window. Exports is now the highest in 38 months.
Latest Release
77.1
Actual
74
Consensus
76.4
Previous
Median Absolute Error
±3.19 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 76.08
Actual: 77.1
Error: -1.02
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.84 | INDEX | Bullish S&P 500 | → View |
| S&P/TSX Composite | ▲ Direct | +0.66 | INDEX | Bullish S&P | → View |
| XAU/USD | ▼ Inverse | −0.58 | COMMODITIES | Bearish XAU | → View |
| CAD/JPY | ▼ Inverse | −0.42 | FOREX | Bearish CAD | → View |
| AUD/CAD | ▼ Inverse | −0.26 | FOREX | Bearish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Exports (Canada) was reported at 77.10 billion in July 2026. This beat the market consensus of 74.00 billion by 3.10 billion. The reading rose from the previous value of 76.40 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 65.90 billion, ranging from 60.58 billion to 77.10 billion across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 72.86 billion, up from the prior three at 64.01 billion. Volatility over the past year (σ 5.40 billion) is higher than the prior year (σ 3.69 billion).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with S&P/TSX Composite, positively correlated (Bullish S&P). Over the last 12 releases, the Sigmacast model's median absolute error is 3.19 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include BoC Interest Rate Decision (Jul 15) and BoC Monetary Policy Report (Jul 15).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Exports - CA
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About Exports — Canada
DEFINITION
Exports refer to the goods and services that a country produces and sells to other countries. This financial indicator is used to measure the strength of a country's economy and its international trade relationships. A high level of exports can indicate a healthy economy and a competitive market, while a decrease in exports may signal a decline in economic activity. This information is important for businesses, investors, and policymakers to make informed decisions about trade and economic policies.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. 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 (May 2026): actual 77.1 M, consensus 74 M. Prior reading (Apr 2026): 75.16 M. Before that (Mar 2026): 72.77 M.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.84) — a useful reference for index-focused traders.
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Economic Calendar - CA Events
| Wednesday, July 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Capacity Utilization | 80.6 | 80.5 | 80.50 | Low | |
| Thursday, July 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:15 | CA | Housing Starts | 261.4 | 220 | 220.00 | Medium | |