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Canada PPI MoM fell to 0.2 in December 2024, released January 2025, down 0.4 from November's 0.6 reading. The print came in cooler than the 0.6 consensus, a softer print than forecasters anticipated. PPI MoM has now declined for 3 consecutive months. Over the past 3 months, PPI MoM averaged 0.9, vs -0.47 in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
across last 12 releases
Jan 2025
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The January 2025 reading fell from the previous value of 0.6. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.41. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Friday, May 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:15 | Housing Starts | 279.3 | 239.7 | 240 | 240.57 | Medium | |
| 12:30 | Foreign Securities Purchases | 4.62 | 5.84 | 11.4 | 4.75 | Low | |
| 12:30 | Manufacturing Sales MoM | 3 | 3.4 | 3.5 | 3.40 | Low | |
| Tuesday, May 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Inflation Rate MoM | 0.9 | 0.8 | 0.70 | Medium | ||
| 12:30 | Building Permits MoM | -8.4 | 4 | 4.00 | Low | ||
| 12:30 | Core Inflation Rate YoY | 2.5 | 2.6 | 2.50 | Medium | ||
| 12:30 | CPI YoY | 2.6 | 2.6 | 2.60 | Low | ||
| 12:30 | Core Inflation Rate MoM | 0.2 | 0.3 | 0.20 | Low | ||
| 12:30 | New Housing Price Index MoM | -0.2 | 0 | 0.00 | Medium | ||
| 12:30 | Inflation Rate YoY | 2.4 | 2.6 | 2.50 | High | ||