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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Producer Price Index MoM climbed to 2.0% in September 2026
FMPMonthlyReleased October 2026
Canada Producer Price Index MoM climbed to 2.0% in September 2026, released October 2026, up 0.8% from August's 1.2% reading. The print exceeded the 0.9% consensus by 1.1%. Producer Price Index MoM has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 0.95%, vs 0.6% in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
2
Actual
0.9
Consensus
1.2
Previous
Median Absolute Error
±1.04 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 1.12
Actual: 2
Error: -0.88
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 |
|---|---|---|---|---|---|
| AUD/CAD | ▼ Inverse | −0.54 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.33 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.27 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Canada) was reported at 2% in October 2026. This beat the market consensus of 0.9% by 1.1%. The reading rose from the previous value of 1.2%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 1.12%, ranging from -1.4% to 2.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.3%, up from the prior three at 0.6%. Volatility over the past year (σ 1.07%) is higher than the prior year (σ 0.66%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/CAD (Bearish AUD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.04%.
WHAT TO WATCH NEXT
The next release is scheduled for November 19, 2026. 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 October 2026.
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Producer Price Index MoM - CA
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About Producer Price Index MoM — Canada
DEFINITION
Canada's Producer Price Index MoM rose 2.000000% in October, beating the 0.900000% estimate. This marks an increase from September's 1.300000%, signaling accelerating producer inflation. The stronger-than-expected rise may influence Bank of Canada policy and market expectations ahead of upcoming inflation data. Updated 10/22/26
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 (Sep 2026): actual 2 %, consensus 0.9 %. Prior reading (Aug 2026): 1.3 %. Before that (Jul 2026): 0.6 %.
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 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 AUD/CAD (Bearish AUD, r=-0.54) — a useful reference for forex-focused traders.
Σ
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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 |