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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Producer Price Index MoM fell to -1.4% in June 2026
FMPMonthlyReleased July 2026
Canada Producer Price Index MoM fell to -1.4% in June 2026, released July 2026, down 2.6% from May's 1.2% reading. The reading missed the -0.4% consensus by 1.0%. Producer Price Index MoM has now declined for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.6%, vs 1.83% in the prior 3-month window. Producer Price Index MoM is now the lowest in 17 months.
Latest Release
-1.4
Actual
-0.4
Consensus
1.2
Previous
Median Absolute Error
±0.81 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -0.38
Actual: -1.4
Error: +1.02
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 | −0.66 | FOREX | Moves against | → View |
| CAD/JPY | ▲ Direct | +0.26 | FOREX | 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 -1.4% in July 2026. This missed the market consensus of -0.4% by 1%. The reading fell from the previous value of 1.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.93%, ranging from -1.4% to 2.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.6%, down from the prior three at 1.33%. Volatility over the past year (σ 1.03%) is higher than the prior year (σ 0.77%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/CAD (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.81%.
WHAT TO WATCH NEXT
The next release is scheduled for August 20, 2026. 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 July 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 fell sharply by -1.400000% in June, missing the -0.400000% estimate and reversing May's 1.200000% gain. This marks a significant contraction in input costs after two consecutive months of expansion. The decline pressures inflation expectations and may influence Bank of Canada policy ahead of upcoming economic data. Updated 7/26/26
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 (Jun 2026): actual -1.4 %, consensus -0.4 %. Prior reading (May 2026): 1.2 %. Before that (Apr 2026): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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 headwind in the current projection. This indicator correlates most strongly with AUD/CAD (Bearish AUD, r=-0.66) — a useful reference for forex-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 |