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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Wholesale Sales MoM fell to -0.6% in July 2026
FMPMonthlyReleased September 2026
Canada Wholesale Sales MoM fell to -0.6% in July 2026, released September 2026, down 3.4% from June's 2.8% reading. The reading matched the -0.6% consensus. The print is running well below the 12-month average of 1.13%. Over the past 3 months, Wholesale Sales MoM averaged 1.63%, vs 1.37% in the prior 3-month window. The reading is in the 18th percentile of the trailing 24-month range.
Latest Release
-0.6
Actual
-0.6
Consensus
2.8
Previous
Median Absolute Error
±0.53 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.02
Actual: -0.6
Error: +0.62
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.41 | CRYPTO | Moves against | → View |
| AUD/CAD | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.33 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Wholesale Sales MoM (Canada) was reported at -0.6% in September 2026. This matched the market consensus of -0.6% exactly. The reading fell from the previous value of 2.8%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.56%, ranging from -1.8% to 2.8% across 19 releases.
WHY IT MATTERS
The trailing three releases averaged 0.53%, down from the prior three at 1.13%. Volatility over the past year (σ 1.36%) is higher than the prior year (σ 0.91%). In September readings over the past 3 years, Wholesale Sales MoM has averaged 0.02%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with AUD/CAD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.53%.
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include Housing Starts (Sep 16) and New Housing Price Index MoM (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Wholesale Sales MoM - CA
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About Wholesale Sales MoM — Canada
DEFINITION
Wholesale Sales MoM (Month-over-Month) is a financial indicator that measures the change in the total value of sales made by wholesalers from one month to the next. It provides valuable insights into the current state of the wholesale market and can be used to track trends and predict future economic activity. This indicator is closely monitored by investors, analysts, and policymakers as it reflects the overall health of the economy and can impact financial markets.
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 (Jul 2026): actual -0.6 %, consensus -0.6 %. Prior reading (Jul 2026): -0.6 %. Before that (Jun 2026): 2.8 %.
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 BTC/USD (Bearish BTC, r=-0.41) — a useful reference for crypto-focused traders.
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Economic Calendar - CA Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.1 | 0.2 | 0.2 | 0.15 | Low |
| 12:30 | CA | Common CPI YoY | 2.6 | 2.7 | 2.7 | 2.65 | High |
| 12:30 | CA | Median CPI YoY | 2 | 2 | 2 | 2.00 | High |
| 12:30 | CA | Inflation Rate MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | CA | Trimmed CPI YoY | 1.9 | 1.9 | 1.9 | 1.90 | High |
| 12:30 | CA | Capacity Utilization | 80.7 | 82.2 | 82.4 | 81.55 | Low |
| 12:30 | CA | Inflation Rate YoY | 3 | 3 | 3 | 3.00 | High |
| 12:30 | CA | Core Inflation Rate YoY | 2.4 | 2.3 | 2.3 | 2.35 | Medium |
| 12:30 | CA | CPI YoY | 3 | 3 | 3 | 3.00 | Low |
| 12:30 | CA | Manufacturing Sales MoM | -0.4 | 0.1 | -0.2 | -0.32 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | New Motor Vehicle Sales | 190.2 | 190.1 | 190.10 | Low | |
| 12:30 | CA | Wholesale Sales MoM | -0.6 | 2.8 | -0.6 | -0.47 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:15 | CA | Housing Starts | 229.1 | 237.5 | 240.65 | Medium | |
| 12:30 | CA | Building Permits MoM | 18.5 | -5.8 | -5.80 | Low | |