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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Gross Domestic Product MoM held to 0.0% in September 2026
FMPMonthlyReleased October 2026
Canada Gross Domestic Product MoM held to 0.0% in September 2026, released October 2026. The reading missed the 0.2% consensus by 0.2%. The print is running well below the 12-month average of 0.03%. Over the past 3 months, Gross Domestic Product MoM averaged 0.15%, vs 0.07% in the prior 3-month window. The reading is in the 31st percentile of the trailing 24-month range.
Latest Release
0
Actual
0.2
Consensus
0
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 | −0.41 | FOREX | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.31 | FOREX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Moves with | → View |
| EUR/USD | ▲ Direct | +0.29 | 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 October 2026. This missed the market consensus of 0.2% by 0.2%. The reading was unchanged from the previous release. 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 11 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 0.22%) 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
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and S&P Global Manufacturing PMI (Nov 2).
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 registered 0.000000%, unchanged from July's 0.300000% growth, marking a halt in monthly economic expansion. August's flat reading contrasts with July's 0.30% increase, indicating a pause in momentum. Market participants will focus on upcoming data releases and central bank signals amid this stagnation. Updated 9/29/26
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 (Sep 2026): actual 0 %, consensus 0.2 %. Prior reading (Aug 2026): 0 %. Before that (Aug 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 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.
Σ
EXPECTED ZONE
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Economic Calendar - CA Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Average Weekly Earnings | 3.7 | 3.2 | 3.2 | 3.45 | Low |