Canada Economy & Canada Markets Data analytics

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MacroVar monitors real-time economic, financial and geopolitical developments for the Canada economy and Canada markets by analyzing financial, economic data and real-time news using statistical models. To help you forecast and analyze economic and financial developments, our team provides you with explanations of the theory and structure of our models and access to financial and economic data.

Canada Overview

 
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Canada Overview presents the current trends and dynamics of the major Canada financial markets and economic indicators. Select Details to get more information for each indicator, use Factors to monitor current statistical analysis of financial & economic factors affecting the specific asset, and select research to read the latest MacroVar research for the specific asset/indicator.


SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
S&P/TSX CompositeTSE22350.21.40.0212.75
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend25.0High2023-12-18 15:44:05MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk0.0High2023-11-03 16:47:03MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada 2-year bond yieldCA.2Y3.92-0.2-0.02-14.29
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum-100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-50.0High2024-03-13 15:51:56MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Canada 10-Year Bond YieldCA.10Y3.48-0.46-03.82
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum0.5High2024-07-22 17:27:53MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-0.75High2024-07-22 17:27:53MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Manufacturing PMIca.manpmi49.3001
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUpHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendUpHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
S&P/TSX CompositeTSE22350.21.40.0212.75
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend25.0High2023-12-18 15:44:05MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk0.0High2023-11-03 16:47:03MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada ETFEWC38.121.550.0211.2
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Canada PMI vs ETFPremium Factors are available to premium users only. Upgrade your account.
Momentum0.5High2024-07-22 17:27:53MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend100.0High2024-07-11 16:56:41MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk-50.0High2023-11-03 16:47:03MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Canada 2-year bond yieldCA.2Y3.92-0.2-0.02-14.29
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum-100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-50.0High2024-03-13 15:51:56MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Canada 10-Year Bond YieldCA.10Y3.48-0.46-03.82
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum0.5High2024-07-22 17:27:53MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-0.75High2024-07-22 17:27:53MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada Yield CurveCA.YC-0.330.15-0.42-74.15
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Research is available only to premium users. Upgrade your account.
Description
Canadian Dollar US Dollar (CAD/USD)CADUSD 1.360.02-0.013.43
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum0.5High2024-07-19 07:49:20MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend1.0High2024-07-19 07:49:20MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk0.0High2023-07-13 15:47:36MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada 10Y vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Canada 2Y vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Canada PMI vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada Credit Default SwapsCDS.Canada39.6039.60
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Z-scoresPremium Factors are available to premium users only. Upgrade your account.MacroVar CDS and Volatilites are analyzed by calculating the 1-year and 5-year z-scores. Extreme values of absolute z-scores (greater than 2) indicate elevated credit risk conditions and vice-versa.Learn More about MacroVar Risk Management model
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
Manufacturing PMIca.manpmi49.3001
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUpHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendUpHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
GDP Growth (annual)ca.gdpgrowthan0.5-50-50150
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUpHigh2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownHigh2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
Inflation CPIca.inflationcpi2.7-7-7-4
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumDownMedium2024-07-12 19:52:03Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendDownMedium2024-07-12 19:52:03A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
Unemployment rateca.unemploymentrate6.43319
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
MomentumUpMedium2024-07-11 09:32:08Momentum of a macroeconomic indicator is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M), quarter over quarter (Q/Q) returns.Learn More about MacroVar Momentum Macro Trends
TrendUpMedium2024-07-11 09:32:08A macroeconomic indicator is in an uptrend when last value is higher than its twelve month moving average and its twelve month moving average slope is positive (last twelve month moving average is higher than the previous month’s twelve month moving average). MacroVar calculates the number of months the current value has recorded highs or lows. Trend change is assumed when a specific indicator has recorded a 3-month high / low or more.MacroVar Momentum Macro Trends
Research is available only to premium users. Upgrade your account.
Description
SymbolPrice1D%MoM%YoY%MTBFactorsResearchDetails
CADJPY Implied VolatilityCADJPY.IV6.85-2.84-0.09-5.39
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Risk SignalsPremium Factors are available to premium users only. Upgrade your account.MacroVar risk management models monitor the dynamics of thousands of risk-related indicators to gauge global financial risk conditions. MacroVar calcualates trend/momentum and 1-year, 5-year z-scores. The z-score (also known as the standard score) is a statistical measure that quantifies how many standard deviations an individual data point is from the mean of a distribution. MacroVar Risk Management models
Research is available only to premium users. Upgrade your account.
Description
S&P/TSX CompositeTSE22350.21.40.0212.75
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend25.0High2023-12-18 15:44:05MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk0.0High2023-11-03 16:47:03MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs StocksPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada 2-year bond yieldCA.2Y3.92-0.2-0.02-14.29
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum-100.0High2024-07-11 16:56:41MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-50.0High2024-03-13 15:51:56MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Research is available only to premium users. Upgrade your account.
Description
Canada 10-Year Bond YieldCA.10Y3.48-0.46-03.82
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum0.5High2024-07-22 17:27:53MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend-0.75High2024-07-22 17:27:53MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble RiskHighMacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada PMI vs 10YPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canadian Dollar US Dollar (CAD/USD)CADUSD 1.360.02-0.013.43
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Momentum0.5High2024-07-19 07:49:20MacroVar momentum signal ranges from -100 to +100. Momentum trading is used to capture moves in short timeframes. Momentum must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Momentum Signals
Trend1.0High2024-07-19 07:49:20MacroVar Trend signal ranges from -100 to +100. The market trend signal is derived as the mean value from 8 calculations for each asset. A trend can last for day(s), weeks and even months. Trends must be monitored in conjuction with other MacroVar Macroeconomic and Financial factors. Learn More about MacroVar Trend Signals
Bubble Risk0.0High2023-07-13 15:47:36MacroVar bubble risk model monitors a financial asset price relative to its 252-day moving average to identify possible inflection points (Overbought or Oversold conditions). Extreme moves are often followed by price reversals when bubble risk model indicators have values greater than 2.5 or less than -2.5.Learn More about MacroVar Bubble Risk Model
Canada 10Y vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Canada 2Y vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Canada PMI vs FXPremium Factors are available to premium users only. Upgrade your account.MacroVar factor models use regression analysis to monitor a specific financial market (e.g. S&P 500) compared to macroeconomic (e.g. US ISM Manufacturing PMI) and financial factors (US North America Credit Default Swaps Index) closely correlated with the market in search for possible significant anomalies or divergencies which can confirm signals from MacroVar momentum and trend dynamics models.Learn More about MacroVar Multi-Factor models
Research is available only to premium users. Upgrade your account.
Description
Canada Credit Default SwapsCDS.Canada39.6039.60
FactorLastSignalImportanceValuation (Over/Under)Last SignalLogic
Z-scoresPremium Factors are available to premium users only. Upgrade your account.MacroVar CDS and Volatilites are analyzed by calculating the 1-year and 5-year z-scores. Extreme values of absolute z-scores (greater than 2) indicate elevated credit risk conditions and vice-versa.Learn More about MacroVar Risk Management model
Research is available only to premium users. Upgrade your account.
Description

Canada Market News

  
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TimeHeadlines
2024-05-31 15:09 Probability for a BoC cut next week up to 81% after GDP - FJElite
2024-04-16 08:11 Canadian Wholesale Sales MoM Actual 0% (Forecast 0.8%, Previous 0.1%)
2024-04-16 08:11 Canadian Manufacturing Sales MoM Actual 0.7% (Forecast 0.7%, Previous 0.2%)
2024-04-10 15:25 Canadian Building Permits February Report
2024-04-10 15:25 Canadian Building Permits MoM Actual 9.3% (Forecast -4.5%, Previous 13.5%)
2024-04-05 16:34 Canadian Ivey PMI Actual 57.5 (Forecast -, Previous 53.9)
2024-04-05 16:33 Chances of a Bank of Canada June rate cut rise to 77% from 68% before the jobs data - Swaps market data.
2024-04-05 16:33 Canadian Unemployment Rate March 2024 Full Report
2024-04-05 16:33 Canadian Participation Rate Actual 65.3% (Forecast -, Previous 65.3%)
2024-04-05 16:33 Canadian Employment Change Actual -2.2k (Forecast 25k, Previous 40.7k)
Monitor Real-Time Market News >>

Canada Economic Overview

  
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Canada economic overview presents a snapshot of Canada current economic conditions. You can find details for the Canada economy subsections by exploring the sections below.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
Manufacturing PMIca.manpmi49.349.301UPUP

Canada Manufacturing

  
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MacroVar tracks hundreds of indicators related to Canada manufacturing. Our focus is on the most important leading indicators based on the ISM report and related indicators. The ISM report is the most important report reflecting the real demand of goods in the Canada economy.


1IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
Manufacturing PMIca.manpmi49.349.301UPUP
industrial productionca.indproduction-0.6-1.7-65-200DownDown

Canada consumer sentiment

  
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Consumer spending makes up 67% of the U.S. Economy. MacroVar monitors direct consumer reports like the University of Michigan Consumer Sentiment Index and indirect macroeconomic indicators related to Canada employment and Canada consumer activity (building permits).


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
consumer confidenceca.consconfidence48.047.89s0-3DownDown
unemployment rateca.unemploymentrate6.46.2s319UPUP
retail salesca.retailsalesan1.01.8s-44400DownUP
retail sales MoMca.retailsales-0.80.6s-233-500DownDown
car registrationsca.carregistrations184703.0175066s612UPUP
building permitsca.buildingpermits11736100.013363100s-125UPUP

Canada Construction

  
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The Canada construction sector is a significant component of the Canada economy. MacroVar monitors leading indicators of construction activity like building permits and new home sales.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
building permitsca.buildingpermits11736100.013363100-125UPUP
housing startsca.housingstarts264.5241.1104UPUP

Canada Macroeconomic outlook

  
Canada Macroeconomic outlook presents an overview of the long-term fundamental coincident factors of the Canada economy. Components monitored are the country's rserves, debt, Monetary Policy and Fiscal Policy. Explore Canada macroeconomic model in detail.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
gdpca.gdp2140.092161.48-120UPUP
Real GDPca.realgdp2365811.02356070014UPUP
gdp growth annualca.gdpgrowthan0.51-50150DownUP
gdp growthca.gdpgrowth0.400-71DownDown
inflation cpica.inflationcpi2.72.9-7-4DownDown
interest rateca.interestrate4.755-50DownDown
unemployment rateca.unemploymentrate6.46.2319UPUP
external debtca.externaldebt4144949.04155750-037UPUP
government debt to gdpca.govdebtgdp107.0112.8-532UPUP
current accountca.currentaccount-5400.0-450020-429DownDown
current account to gdpca.currentaccountgdp-0.6-0.450-79UPUP
exportsca.exports62450.064110-3-0DownDown
importsca.imports64370.065430-2-2UPDown
foreign exchange reservesca.fxreserves122900.012275807UPUP
gold reservesca.goldres0.0000DownDown
government revenuesca.govrev39048.046409-164UPUP
fiscal expenditureca.fiscalexp67399.033763100-13UPDown

Canada Inflation

  
Image 1

MacroVar monitors major inflation indexes and subcompoonents based on Bureau of Labour Statistics monthly report.


IndicatorSymbolActualPreviousM/M%Y/Y%Trend
inflation cpica.inflationcpi2.72.9-7-4
core inflation rateca.coreinflationrate1.91.86-41
Produce Prices YoYca.producerpricesch2.82.133-151

Canada Employment

  
MacroVar monitors leading indicators (ISM/NMI employment activity), coincident (Initial & Continuing jobless claims) and lagging indicators of Canada employment. Canada employment is one of the major factors affecting Canada monetary policy.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
unemployment rateca.unemploymentrate6.46.2319UPUP

Canada Monetary Policy

  
Canada Monetary policy is monitored by tracking the most important indicators related to the Fed's balance sheet and interest rates.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
interest rateca.interestrate4.755-50DownDown
central bank balance sheetca.cb.assets273021.0283141-4-24DownDown
banks balance sheetca.banks.bs3336970.03780370-12186UPUP
money supply m1ca.msm11544648.0153338013UPUP
money supply m2ca.msm22551791.0252951015UPUP
government debt to gdpca.govdebtgdp107.0112.8-532UPUP
loans to private sectorca.loanprivate659572.064818122UPUP
Canada Credit Rating (S&P)RATING.S&P.CN
Canada Credit Rating (Moody's)RATING.MOODYS.CN
Canada Credit Rating (Fitch)RATING.FITCH.CA

Canada Fiscal Policy

  
Canada Fiscal policy is monitored by tracking the most important indicators related to the Treasury's decisions on government spending, revenues and budget surplus/deficit.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
government revenuesca.govrev39048.046409-164UPUP
fiscal expenditureca.fiscalexp67399.033763100-13UPDown
government budgetca.govbudget-1.3-3.6-64-38UPUP
Government budgetca.govbudgetvalue-33590.08300-505-24DownUP
government debt to gdpca.govdebtgdp107.0112.8-532UPUP

Canada Trade

  
Canada trade activity is monitored by tracking Trade and Capital flows.


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlope
current accountca.currentaccount-5400.0-450020-429DownDown
current account to gdpca.currentaccountgdp-0.6-0.450-79UPUP
balance of tradeca.balanceoftrade-1926.9-1323.146-60DownUP
importsca.imports64370.065430-2-2UPDown
exportsca.exports62450.064110-3-0DownDown
capital flowsca.capitalflows-5080.01775-386-308DownDown
foreign direct investmentca.fdi-6189.09295-167-126DownDown
external debtca.externaldebt4144949.04155750-037UPUP
foreign exchange reservesca.fxreserves122900.012275807UPUP
gold reservesca.goldres0.0000DownDown