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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Imports fell to 72.86B in May 2026
FMPMonthlyReleased July 2026
Canada Imports fell to 72.86B in May 2026, released July 2026, down 0.14B from April's 73B reading. The reading matched the 72B consensus. Imports has now risen for 3 consecutive months. Over the past 3 months, Imports averaged 71.7B, vs 68.12B in the prior 3-month window. Imports is now the highest in 39 months.
Latest Release
72.86
Actual
72
Consensus
73
Previous
Median Absolute Error
±1.26 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 73.45
Actual: 72.86
Error: +0.59
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.73 | COMMODITIES | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.65 | FOREX | Moves against | → View |
| USD/CAD | ▲ Direct | +0.57 | FOREX | Moves with | → View |
| AUD/CAD | ▼ Inverse | −0.57 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.54 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports (Canada) was reported at 72.86 billion in July 2026. This beat the market consensus of 72.00 billion by 0.86 billion. The reading fell from the previous value of 73.00 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 68.34 billion, ranging from 64.08 billion to 72.86 billion across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 72.44 billion, up from the prior three at 65.47 billion. Volatility over the past year (σ 3.04 billion) is higher than the prior year (σ 2.36 billion).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.26 billion.
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026. Same-country events in the next 14 days include Gross Domestic Product MoM (Jul 31) and Balance of Trade (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (May 2026): actual 72.86 M, consensus 72 M. Prior reading (Apr 2026): 72.4 M. Before that (Mar 2026): 70.99 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 XAU/USD (Bearish XAU, r=-0.73) — a useful reference for commodities-focused traders.
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Economic Calendar - CA Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Average Weekly Earnings | 3.4 | 3.67 | 3.7 | 3.55 | Low |