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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Raw Materials Price Index MoM climbed to 4.2 in August 2013
FMPMonthlyReleased August 2013
Canada Raw Materials Price Index MoM climbed to 4.2 in August 2013, up 3.9 from July's 0.3 reading. The print exceeded the 1.2 consensus by 3.0. The print is running well above the 12-month average of -1.95.
Latest Release
4.2
Actual
1.2
Consensus
0.3
Previous
Median Absolute Error
±2.7 percentage points
across last 3 releases
Last Call
Aug 2013
Predicted: 1.2
Actual: 4.2
Error: -3
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 August 2013 reading rose from the previous value of 0.3. Over the last 3 releases, the Sigmanomics model has produced a median absolute forecast error of ±2.7. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
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Raw Materials Price Index MoM - CA
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