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Primary economy: Canada economic indicators

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range · 7–28-day calibrated zone
Forecast batch: 8/7/26
^GSPTSE's band is still building its audit record. Sigmacast's calibrated band is sized from realized volatility and graded against every terminal close as its audit record builds. Horizon grades appear as each one's history matures — current status is below.
Market-data read
^GSPTSE reads range-bound — no clean directional character at any horizon (ER 0.30 / 0.30 / 0.25). Recent action is directionless chop rather than a trend. Term-structure band: ±1.4% / ±2.1% / ±3.3% (7/14/28d).
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: Exports (r=+0.66), Unemployment Rate (r=+0.52)
Inversely correlated: CFIB Business Barometer (r=-0.69), Core Inflation Rate YoY (r=-0.67), Raw Materials Prices MoM (r=-0.66), Inflation Rate MoM (r=-0.52), Inflation Rate YoY (r=-0.50), Average Weekly Earnings (r=-0.47)
As of August 7, 2026, ^GSPTSE is trading at 36375.64. Our multi-model Sigmanomics forecast for this index generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
Containment = how often the band held (backtest) — magnitude only, not a directional record.
Forecasts generated by Sigmanomics engine. Not financial advice.
Market-data read
The S&P/TSX Composite (^GSPTSE) is a market index covered by the Sigmanomics analytics platform. The ^GSPTSE index closed at 36,368.07 on August 7, 2026, reflecting a gain of 0.67% from the previous close of 36,125.92.
Over the past 30 days, the index has experienced a modest uptrend with a rally of 4.36%, ranging between 34,618.38 and 36,443.29. The price currently trades above its 20-day moving average of 35,502.46. The 14-day RSI stands at 65.5, in the upper part of its range.
Over the same 30-day window, daily-return volatility was 0.66%, reflecting subdued price variability for this index.
Daily-return volatility of 0.66% is subdued for this index, leaving recent ranges compressed — watch for a decisive break of the band as the more telling development. ^GSPTSE is currently trading 2.44% above its 20-day moving average. Its 14-day RSI reads 65.5, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Aug 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.