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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Raw Material Price MoM held to 2.6% in February 2014
FMPMonthlyReleased March 2014
Canada Raw Material Price MoM held to 2.6% in February 2014, released March 2014.
Latest Release
2.600000
Actual
—
Consensus
—
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| 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 RELEASE
Raw Material Price MoM (Canada) was reported at 2.6% in March 2014.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2014.
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Raw Material Price MoM - CA
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About Raw Material Price MoM — Canada
DEFINITION
Raw Material Price MoM (Month-over-Month) is a financial indicator that measures the change in the price of raw materials over a one-month period. This indicator is used by investors and analysts to track the cost of essential materials such as metals, energy, and agricultural products, which can have a significant impact on the profitability of companies in various industries. A higher Raw Material Price MoM may indicate inflationary pressures and potential cost increases for businesses, while a lower reading may suggest deflationary trends and potential cost savings. This indicator provides valuable insights into the overall health of the economy and can help inform investment decisions.
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 2014): actual 2.6 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.