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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Gross Domestic Product MoM fell to 0.0% in August 2026
FMPMonthlyReleased September 2026
Canada Gross Domestic Product MoM fell to 0.0% in August 2026, released September 2026, down 0.3% from July's 0.3% reading. The reading matched the 0.0% consensus. The print is running well below the 12-month average of 0.03%. Over the past 3 months, Gross Domestic Product MoM averaged 0.25%, vs 0.13% in the prior 3-month window. The reading is in the 30th percentile of the trailing 24-month range.
Latest Release
0
Actual
0
Consensus
0.3
Previous
Median Absolute Error
±0.15 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.03
Actual: 0
Error: +0.03
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 |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| CAD/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.28 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product MoM (Canada) was reported at 0% in September 2026. This matched the market consensus of 0% exactly. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.01%, ranging from -0.3% to 0.3% across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.17%, up from the prior three at 0.07%. Volatility over the past year (σ 0.21%) is higher than the prior year (σ 0.15%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with CAD/JPY, negatively correlated (Bearish CAD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.15%.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026. Same-country events in the next 14 days include Housing Starts (Sep 16) and New Housing Price Index MoM (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Gross Domestic Product MoM - CA
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About Gross Domestic Product MoM — Canada
DEFINITION
Canada's Gross Domestic Product MoM for August came in at 0.200000%, matching estimates but down from July's 0.300000%. August's growth indicates a slower expansion compared to the prior month, continuing a moderate upward trend after June's 0.400000%. Market participants will watch upcoming data for further clarity on economic momentum and Bank of Canada policy direction. Updated 8/28/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0 %, consensus 0 %. Prior reading (Aug 2026): 0 %. Before that (Aug 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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=0.46) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - CA Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.1 | 0.2 | 0.2 | 0.15 | Low |
| 12:30 | CA | Common CPI YoY | 2.6 | 2.7 | 2.7 | 2.65 | High |
| 12:30 | CA | Median CPI YoY | 2 | 2 | 2 | 2.00 | High |
| 12:30 | CA | Inflation Rate MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | CA | Trimmed CPI YoY | 1.9 | 1.9 | 1.9 | 1.90 | High |
| 12:30 | CA | Capacity Utilization | 80.7 | 82.2 | 82.4 | 81.55 | Low |
| 12:30 | CA | Inflation Rate YoY | 3 | 3 | 3 | 3.00 | High |
| 12:30 | CA | Core Inflation Rate YoY | 2.4 | 2.3 | 2.3 | 2.35 | Medium |
| 12:30 | CA | CPI YoY | 3 | 3 | 3 | 3.00 | Low |
| 12:30 | CA | Manufacturing Sales MoM | -0.4 | 0.1 | -0.2 | -0.32 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | New Motor Vehicle Sales | 190.2 | 190.1 | 190.10 | Low | |
| 12:30 | CA | Wholesale Sales MoM | -0.6 | 2.8 | -0.6 | -0.47 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:15 | CA | Housing Starts | 229.1 | 237.5 | 240.65 | Medium | |
| 12:30 | CA | Building Permits MoM | 18.5 | -5.8 | -5.80 | Low | |