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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Services PMI climbed to 46.5 in December 2025
FMPMonthlyReleased January 2026
Canada Services PMI climbed to 46.5 in December 2025, released January 2026, up 2.2 from November's 44.3 reading.
Latest Release
46.500000
Actual
—
Consensus
44.300000
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 |
|---|---|---|---|---|---|
| AUD/CAD | ▲ Direct | +0.33 | FOREX | Bullish AUD | → View |
| USD/CAD | ▲ Direct | +0.30 | FOREX | Bullish USD | → View |
| CAD/JPY | ▼ Inverse | −0.25 | FOREX | Bearish CAD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services PMI (Canada) was reported at 46.50 in January 2026. The reading rose from the previous value of 44.30. Trailing 12-month context per ETL data through January 2026. Over the past 12 months, the indicator has averaged 47.58, ranging from 44.30 to 50.50 across 6 releases.
WHY IT MATTERS
The trailing three releases averaged 47.10, down from the prior three at 48.07.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/CAD (Bullish AUD). A secondary relationship exists with USD/CAD, positively correlated (Bullish USD).
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 January 2026.
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Services PMI - CA
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About Services PMI — Canada
DEFINITION
Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in a country. It provides valuable insights into the health of the economy by tracking changes in business activity, new orders, employment, and prices. A high Services PMI indicates a growing services sector, while a low PMI suggests a contraction. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Dec 2025): actual 46.5 %. Prior reading (Nov 2025): 44.3 %. Before that (Oct 2025): 50.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.