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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Producer Price Index MoM climbed to 0.6% in July 2026
FMPMonthlyReleased August 2026
Canada Producer Price Index MoM climbed to 0.6% in July 2026, released August 2026, up 2.0% from June's -1.4% reading. The print exceeded the -0.4% consensus by 1.0%. The print is running well below the 12-month average of 1.01%. Over the past 3 months, Producer Price Index MoM averaged -0.1%, vs 1.6% in the prior 3-month window. The reading is in the 47th percentile of the trailing 24-month range.
Latest Release
0.6
Actual
-0.4
Consensus
-1.4
Previous
Median Absolute Error
±1.02 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -0.55
Actual: 0.6
Error: -1.15
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 | −0.58 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.40 | INDEX | Moves against | → View |
| BTC/USD | ▲ Direct | +0.34 | 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 0.6% in August 2026. This beat the market consensus of -0.4% by 1%. The reading rose from the previous value of -1.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.92%, ranging from -1.4% to 2.7% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 0.13%, down from the prior three at 1.7%. Volatility over the past year (σ 1.03%) is higher than the prior year (σ 0.73%).
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 1.03%.
WHAT TO WATCH NEXT
The next release is scheduled for September 17, 2026. Same-country events in the next 14 days include Housing Starts (Sep 16) and New Housing Price Index MoM (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 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 0.600000% in August, beating the -0.400000% estimate. This reverses July's 1.400000% decline, signaling a rebound in producer inflation. Markets will watch for further inflation data to gauge Bank of Canada's policy direction. Updated 8/20/26
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 (Jul 2026): actual 0.6 %, consensus -0.4 %. Prior reading (Jun 2026): -1.4 %. Before that (May 2026): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/CAD (Bearish AUD, r=-0.58) — a useful reference for forex-focused traders.
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Economic Calendar - CA Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.1 | 0.2 | 0.2 | 0.15 | Low |
| 12:30 | CA | Common CPI YoY | 2.6 | 2.7 | 2.7 | 2.65 | High |
| 12:30 | CA | Median CPI YoY | 2 | 2 | 2 | 2.00 | High |
| 12:30 | CA | Inflation Rate MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | CA | Trimmed CPI YoY | 1.9 | 1.9 | 1.9 | 1.90 | High |
| 12:30 | CA | Capacity Utilization | 80.7 | 82.2 | 82.4 | 81.55 | Low |
| 12:30 | CA | Inflation Rate YoY | 3 | 3 | 3 | 3.00 | High |
| 12:30 | CA | Core Inflation Rate YoY | 2.4 | 2.3 | 2.3 | 2.35 | Medium |
| 12:30 | CA | CPI YoY | 3 | 3 | 3 | 3.00 | Low |
| 12:30 | CA | Manufacturing Sales MoM | -0.4 | 0.1 | -0.2 | -0.32 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | New Motor Vehicle Sales | 190.2 | 190.1 | 190.10 | Low | |
| 12:30 | CA | Wholesale Sales MoM | -0.6 | 2.8 | -0.6 | -0.47 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:15 | CA | Housing Starts | 229.1 | 237.5 | 240.65 | Medium | |
| 12:30 | CA | Building Permits MoM | 18.5 | -5.8 | -5.80 | Low | |