Canada
+3.1
▬
vs 1w ago (+3.2)
Canada economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
+3.1
1 Week Ago
+3.2
Releases (90d)
121
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with TSX Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Current Account +4.04z
- Ivey PMI +1.42z
- CPI MoM +1.96z
- Building Permits MoM +1.98z
- Wholesale Sales MoM +2.85z
▼ Top Negative Surprises
- Full Time Employment Chg -2.11z
- Gross Domestic Product MoM -0.79z
- Housing Starts -0.69z
- Participation Rate -0.42z
- S&P Global Services PMI -0.84z
All Releases — 90 Day Window (121 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-08-27 | Current Account | 8.8 | -2.0 | +4.044 | Medium | +142.99 |
| 2026-09-04 | Ivey PMI | 64.3 | 56.2 | +1.416 | High | +90.34 |
| 2026-09-04 | Full Time Employment Chg | -35.9 | 4.0 | -2.112 | Medium | -89.84 |
| 2026-07-20 | CPI MoM | -0.4 | -0.2 | +1.963 | Medium | +28.85 |
| 2026-08-28 | Gross Domestic Product MoM | 0.0 | 0.1 | -0.787 | Medium | -28.48 |
| 2026-08-12 | Building Permits MoM | 18.5 | 0.8 | +1.982 | Low | +24.77 |
| 2026-07-24 | Wholesale Sales MoM | 2.7 | -0.2 | +2.847 | Low | +22.94 |
| 2026-08-07 | Part Time Employment Chg | 36.6 | 4.0 | +0.923 | Medium | +20.56 |
| 2026-08-18 | Housing Starts | 229.1 | 248.0 | -0.690 | Medium | -19.82 |
| 2026-08-28 | GDP Implicit Price QoQ | 2.5 | 0.6 | +1.027 | Low | +18.57 |
| 2026-09-04 | Participation Rate | 65.0 | 65.2 | -0.421 | Medium | -17.92 |
| 2026-08-17 | New Motor Vehicle Sales | 190.2 | 160.0 | +1.261 | Low | +17.69 |
| 2026-09-03 | S&P Global Services PMI | 46.8 | 49.0 | -0.836 | Low | -17.37 |
| 2026-09-04 | Average Hourly Wages YoY | 2.0 | 2.9 | -0.745 | Low | -15.85 |
| 2026-07-20 | Inflation Rate MoM | -0.4 | -0.2 | +1.030 | Medium | +15.14 |
| 2026-07-15 | Capacity Utilization | 82.5 | 80.5 | +2.295 | Low | +15.02 |
| 2026-08-28 | Gross Domestic Product MoM | 0.3 | 0.2 | +0.394 | Medium | +14.24 |
| 2026-08-17 | CPI MoM | 0.5 | 0.4 | -0.491 | Medium | -13.77 |
| 2026-08-04 | Imports | 73.63 | 70.2 | +1.323 | Low | +13.74 |
| 2026-08-20 | Producer Price Index MoM | 0.6 | -0.4 | -0.904 | Low | -13.59 |
| 2026-08-07 | Unemployment Rate | 6.4 | 6.5 | +0.383 | High | +12.81 |
| 2026-07-23 | CFIB Business Barometer | 58.3 | 49.9 | +1.614 | Low | +12.71 |
| 2026-09-03 | Imports | 75.37 | 73.8 | +0.576 | Low | +11.97 |
| 2026-09-03 | S&P Global Composite PMI | 47.8 | 48.9 | -0.495 | Low | -10.28 |
| 2026-09-04 | Part Time Employment Chg | -5.8 | 6.0 | -0.223 | Medium | -9.48 |
| 2026-07-16 | Housing Starts | 239.0 | 258.0 | -0.667 | Medium | -8.94 |
| 2026-08-21 | Retail Sales MoM | -0.8 | -0.5 | -0.275 | Medium | -8.47 |
| 2026-06-17 | New Housing Price Index MoM | -0.3 | -0.1 | -1.226 | Medium | -8.40 |
| 2026-08-17 | Core Inflation Rate YoY | 2.3 | 2.2 | -0.281 | Medium | -7.88 |
| 2026-07-07 | Ivey PMI | 56.2 | 59.1 | -0.482 | High | -7.87 |
| 2026-06-19 | Retail Sales MoM | 1.0 | 0.3 | +1.070 | Medium | +7.68 |
| 2026-07-31 | Gross Domestic Product MoM | 0.3 | 0.2 | +0.394 | Medium | +7.46 |
| 2026-07-24 | Producer Price Index MoM | -1.4 | -0.4 | +0.904 | Low | +7.28 |
| 2026-08-17 | Inflation Rate MoM | 0.5 | 0.4 | -0.258 | Medium | -7.23 |
| 2026-08-21 | Retail Sales MoM | 0.6 | 0.4 | +0.229 | Medium | +7.06 |
| 2026-09-01 | S&P Global Manufacturing PMI | 53.0 | 52.7 | +0.176 | Medium | +6.97 |
| 2026-08-04 | Exports | 77.49 | 75.0 | +0.660 | Low | +6.86 |
| 2026-08-17 | Inflation Rate YoY | 3.0 | 2.9 | -0.163 | High | -6.85 |
| 2026-09-04 | Employment Change | -41.7 | 15.0 | -0.158 | Medium | -6.73 |
| 2026-07-10 | Unemployment Rate | 6.5 | 6.6 | +0.378 | High | +6.61 |
| 2026-06-22 | CPI MoM | 1.0 | 0.7 | -0.841 | Medium | -6.47 |
| 2026-08-14 | Manufacturing Sales MoM | 0.1 | -0.1 | +0.431 | Low | +5.65 |
| 2026-07-24 | Raw Materials Prices MoM | -6.9 | -1.5 | +0.679 | Low | +5.47 |
| 2026-06-25 | Average Weekly Earnings | 3.8 | 2.9 | +1.215 | Low | +5.01 |
| 2026-07-24 | New Housing Price Index MoM | -0.1 | -0.2 | +0.306 | Medium | +4.94 |
| 2026-07-10 | Participation Rate | 65.0 | 65.2 | -0.421 | Medium | -4.91 |
| 2026-09-03 | Exports | 76.14 | 77.0 | -0.222 | Low | -4.61 |
| 2026-07-07 | Exports | 77.1 | 74.0 | +0.833 | Low | +4.53 |
| 2026-09-03 | Labour Productivity QoQ | 1.0 | 0.7 | +0.215 | Low | +4.47 |
| 2026-08-07 | Average Hourly Wages YoY | 3.0 | 3.6 | -0.400 | Low | -4.46 |
| 2026-08-14 | Capacity Utilization | 82.3 | 82.0 | +0.338 | Low | +4.42 |
| 2026-08-24 | Manufacturing Sales MoM | -0.2 | 0.9 | -0.264 | Low | -4.35 |
| 2026-08-17 | Foreign Securities Purchases | 40.83 | 15.0 | +0.309 | Low | +4.34 |
| 2026-08-21 | CFIB Business Barometer | 57.6 | 56.0 | +0.274 | Low | +4.22 |
| 2026-06-19 | CFIB Business Barometer | 49.6 | 56.5 | -1.171 | Low | -4.20 |
| 2026-07-20 | Core Inflation Rate YoY | 2.1 | 2.2 | +0.281 | Medium | +4.12 |
| 2026-08-07 | Full Time Employment Chg | 38.6 | 21.0 | +0.177 | Medium | +3.95 |
| 2026-07-15 | New Motor Vehicle Sales | 190.6 | 175.0 | +0.595 | Low | +3.90 |
| 2026-08-07 | Employment Change | 75.1 | 15.0 | +0.168 | Medium | +3.74 |
| 2026-06-22 | Inflation Rate YoY | 3.2 | 3.0 | -0.315 | High | -3.63 |
| 2026-07-20 | Inflation Rate YoY | 2.8 | 2.9 | +0.163 | High | +3.59 |
| 2026-06-15 | Wholesale Sales MoM | 0.6 | 0.1 | +0.982 | Low | +3.21 |
| 2026-07-30 | Average Weekly Earnings | 3.4 | 3.7 | -0.318 | Low | -2.94 |
| 2026-06-16 | Foreign Securities Purchases | 46.91 | 8.16 | +0.853 | Low | +2.86 |
| 2026-08-21 | Retail Sales Ex Autos MoM | 0.5 | 0.4 | +0.091 | Medium | +2.81 |
| 2026-07-10 | Average Hourly Wages YoY | 3.7 | 3.1 | +0.465 | Low | +2.71 |
| 2026-08-21 | Retail Sales YoY | 5.2 | 3.1 | +0.175 | Low | +2.69 |
| 2026-07-10 | Full Time Employment Chg | 0.6 | -15.0 | +0.220 | Medium | +2.57 |
| 2026-08-28 | Budget Balance | 0.99 | 2.0 | -0.138 | Low | -2.49 |
| 2026-07-31 | Budget Balance | -0.31 | -6.4 | +0.259 | Low | +2.45 |
| 2026-08-07 | Ivey PMI | 55.1 | 55.5 | -0.071 | High | -2.37 |
| 2026-06-19 | Retail Sales Ex Autos MoM | 0.1 | 0.7 | -0.313 | Medium | -2.25 |
| 2026-07-31 | Budget Balance | -1.05 | -8.0 | +0.237 | Low | +2.24 |
| 2026-08-27 | Average Weekly Earnings | 3.4 | 3.3 | +0.119 | Low | +2.10 |
| 2026-06-22 | Inflation Rate MoM | 1.0 | 0.8 | -0.258 | Medium | -1.98 |
| 2026-06-30 | Gross Domestic Product MoM | 0.5 | 0.4 | +0.197 | Medium | +1.82 |
| 2026-08-25 | Wholesale Sales MoM | -0.6 | -1.3 | +0.106 | Low | +1.78 |
| 2026-07-07 | Imports | 72.86 | 72.0 | +0.323 | Low | +1.76 |
| 2026-06-24 | Manufacturing Sales MoM | 1.1 | -1.3 | +0.398 | Low | +1.60 |
| 2026-06-15 | Housing Starts | 261.4 | 255.1 | +0.224 | Medium | +1.46 |
| 2026-07-23 | Retail Sales YoY | 5.9 | 3.5 | +0.177 | Low | +1.39 |
| 2026-08-28 | Gross Domestic Product QoQ | 3.3 | 3.4 | -0.037 | Medium | -1.32 |
| 2026-07-15 | Wholesale Sales MoM | 0.0 | -0.7 | +0.196 | Low | +1.29 |
| 2026-08-28 | GDP Growth Annualized | 3.3 | 3.4 | -0.023 | High | -1.25 |
| 2026-07-10 | Building Permits MoM | -1.7 | 2.4 | -0.153 | Low | -0.89 |
| 2026-07-24 | Manufacturing Sales MoM | -0.1 | -0.2 | +0.108 | Low | +0.87 |
| 2026-07-23 | Retail Sales Ex Autos MoM | 1.2 | 1.4 | -0.052 | Medium | -0.82 |
| 2026-08-20 | Raw Materials Prices MoM | -2.2 | -1.8 | +0.042 | Low | +0.63 |
| 2026-06-26 | Wholesale Sales MoM | -0.7 | -0.4 | -0.147 | Low | -0.62 |
| 2026-07-17 | Foreign Securities Purchases | 7.9 | 15.21 | -0.086 | Low | -0.59 |
| 2026-06-19 | Retail Sales MoM | 0.5 | 0.6 | -0.076 | Medium | -0.55 |
| 2026-06-22 | Core Inflation Rate MoM | 0.6 | 0.5 | -0.143 | Low | -0.55 |
| 2026-09-03 | Balance of Trade | 0.77 | 3.6 | -0.011 | Medium | -0.45 |
| 2026-06-18 | Producer Price Index MoM | 1.2 | 1.8 | +0.121 | Low | +0.42 |
| 2026-08-20 | Producer Price Index YoY | 12.4 | 12.0 | -0.027 | Low | -0.41 |
| 2026-07-10 | Part Time Employment Chg | 17.5 | 25.0 | -0.034 | Medium | -0.40 |
| 2026-07-10 | Employment Change | 18.2 | 10.0 | +0.034 | Medium | +0.40 |
| 2026-06-19 | Retail Sales YoY | 3.7 | 2.9 | +0.071 | Low | +0.26 |
| 2026-07-15 | Manufacturing Sales MoM | 1.3 | 1.1 | +0.039 | Low | +0.26 |
| 2026-06-18 | Raw Materials Prices MoM | 0.7 | 1.1 | +0.069 | Low | +0.24 |
| 2026-07-24 | Producer Price Index YoY | 12.4 | 12.8 | +0.025 | Low | +0.20 |
| 2026-07-24 | Raw Materials Prices YoY | 20.7 | 26.3 | +0.019 | Low | +0.16 |
| 2026-08-14 | Wholesale Sales MoM | 2.8 | 2.7 | +0.007 | Low | +0.10 |
| 2026-06-18 | Producer Price Index YoY | 13.6 | 14.0 | +0.023 | Low | +0.08 |
| 2026-08-04 | Balance of Trade | 3.86 | 3.0 | +0.004 | Medium | +0.08 |
| 2026-07-07 | Balance of Trade | 4.24 | 2.9 | +0.006 | Medium | +0.07 |
| 2026-06-15 | Manufacturing Sales MoM | 4.2 | 4.5 | -0.014 | Low | -0.05 |
| 2026-06-18 | Raw Materials Prices YoY | 33.4 | 37.0 | +0.009 | Low | +0.03 |
| 2026-08-20 | Raw Materials Prices YoY | 18.1 | 18.0 | -0.001 | Low | -0.01 |
| 2026-06-22 | Core Inflation Rate YoY | 2.2 | 2.2 | -0.000 | Medium | -0.00 |
| 2026-06-30 | Gross Domestic Product MoM | 0.1 | 0.1 | +0.000 | Medium | +0.00 |
| 2026-07-15 | BoC Interest Rate Decision | 2.25 | 2.25 | +0.000 | High | +0.00 |
| 2026-07-20 | Core Inflation Rate MoM | 0.1 | 0.1 | -0.000 | Low | -0.00 |
| 2026-07-23 | Retail Sales MoM | 0.4 | 0.4 | +0.000 | Medium | +0.00 |
| 2026-07-23 | Retail Sales MoM | 1.0 | 1.0 | +0.000 | Medium | +0.00 |
| 2026-07-31 | Gross Domestic Product MoM | 0.2 | 0.2 | +0.000 | Medium | +0.00 |
| 2026-08-07 | Participation Rate | 65.1 | 65.1 | +0.000 | Medium | +0.00 |
| 2026-08-17 | Core Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-08-28 | GDP Growth Rate QoQ | 0.8 | 0.8 | +0.000 | High | +0.00 |
| 2026-09-02 | BoC Interest Rate Decision | 2.25 | 2.25 | +0.000 | High | +0.00 |
| 2026-09-04 | Unemployment Rate | 6.4 | 6.4 | -0.000 | High | -0.00 |