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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Labour Productivity QoQ fell to -0.5% in Q1 2026
FMPMonthlyReleased June 2026
Canada Labour Productivity QoQ fell to -0.5% in Q1 2026, released June 2026, down 0.4% from December's -0.1% reading. The reading missed the 0.7% consensus by 1.2%. Labour Productivity QoQ has now declined for 3 consecutive months. Labour Productivity QoQ is now the lowest in 6 months.
Latest Release
-0.5
Actual
0.7
Consensus
-0.1
Previous
Median Absolute Error
±0.5 percentage points
across last 7 releases
Last Call
Jun 2026
Predicted: 0.7
Actual: -0.5
Error: +1.2
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 |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Labour Productivity QoQ (Canada) was reported at -0.5% in June 2026. This missed the market consensus of 0.7% by 1.2%. The reading fell from the previous value of -0.1%. Trailing 12-month context per ETL data through June 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.1%, up from the prior three at -0.07%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD). Over the last 7 releases, the Sigmacast model's median absolute error is 0.5%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Aug 4) and S&P Global Manufacturing PMI (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Labour Productivity QoQ - CA
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About Labour Productivity QoQ — Canada
DEFINITION
Labour Productivity QoQ is a financial indicator that measures the change in the amount of goods or services produced per hour worked in a given quarter. It provides valuable insights into the efficiency and effectiveness of a country's workforce and can be used to assess the overall health and growth of an economy. A positive QoQ (quarter-over-quarter) change in labour productivity indicates an increase in output per hour worked, while a negative change may suggest a decline in productivity. This indicator is closely monitored by economists, policymakers, and investors as it can impact economic growth, inflation, and wages.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Jan 2026): actual -0.5 %, consensus 0.7 %. Prior reading (Oct 2025): -0.1 %. Before that (Jul 2025): 0.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher 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 USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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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 |