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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Raw Materials Price Index YoY climbed to 7.6 in August 2013
FMPMonthlyReleased August 2013
Canada Raw Materials Price Index YoY climbed to 7.6 in August 2013, up 3.6 from July's 4.0 reading. The print exceeded the 5.0 consensus by 2.6. The print is running well above the 12-month average of -2.0.
Latest Release
7.6
Actual
5
Consensus
4
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 August 2013 reading rose from the previous value of 4. 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 YoY - CA
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