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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Imports fell to 73.71B in August 2026
FMPMonthlyReleased October 2026
Canada Imports fell to 73.71B in August 2026, released October 2026, down 1.53B from July's 75.24B reading. The reading matched the 75.9B consensus. The print is running well above the 12-month average of 69.58B. Over the past 3 months, Imports averaged 74.5B, vs 72.08B in the prior 3-month window. The reading is in the 93rd percentile of the trailing 24-month range.
Latest Release
73.71
Actual
75.9
Consensus
75.24
Previous
Median Absolute Error
±1.83 billion
across last 12 releases
Last Call
Oct 2026
Predicted: 77.15
Actual: 73.71
Error: +3.44
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 |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.72 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.60 | COMMODITIES | Moves against | → View |
| AUD/CAD | ▼ Inverse | −0.46 | FOREX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports (Canada) was reported at 73.71 billion in October 2026. This missed the market consensus of 75.90 billion by 2.19 billion. The reading fell from the previous value of 75.24 billion. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 70.71 billion, ranging from 64.08 billion to 75.37 billion across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 74.24 billion, up from the prior three at 72.44 billion. Volatility over the past year (σ 3.86 billion) is higher than the prior year (σ 2.07 billion). In October readings over the past 3 years, Imports has averaged 68.68 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.83 billion.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include Gross Domestic Product MoM (Oct 30) and S&P Global Manufacturing PMI (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Imports - CA
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About Imports — Canada
DEFINITION
Imports refer to the goods and services that a country purchases from other countries. This financial indicator is used to measure the amount of foreign goods and services that are brought into a country, and is an important factor in determining a country's trade balance and overall economic health. High levels of imports can indicate a strong demand for foreign products, while low levels may suggest a weaker economy or a focus on domestic production. Tracking imports can provide valuable insights into a country's trade relationships and global economic trends.
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 (Aug 2026): actual 73.71 M, consensus 75.9 M. Prior reading (Jul 2026): 75.37 M. Before that (Jun 2026): 73.63 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 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 EUR/USD (Bearish EUR, r=-0.72) — a useful reference for forex-focused traders.
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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 |