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.


Symbol Price 1D% MoM% YoY% M T B Factors Research Details
S&P/TSX Composite TSE 22350.2 1.4 0.02 12.75 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2023-11-03 16:47:03 MacroVar 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 Stocks Premium 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 yield CA.2Y 3.92 -0.2 -0.02 -14.29 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -50.0 blank High 2024-03-13 15:51:56 MacroVar 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 -0.5 blank High 2024-08-06 11:34:32 MacroVar 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 Yield CA.10Y 3.48 -0.46 -0 3.82 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 10Y Premium 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 PMI ca.manpmi 49.3 0 0 1 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down blank High 2024-07-31 12:09:13 Momentum 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
Trend Down blank High 2024-07-31 12:09:13 A 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
Symbol Price 1D% MoM% YoY% M T B Factors Research Details
S&P/TSX Composite TSE 22350.2 1.4 0.02 12.75 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2023-11-03 16:47:03 MacroVar 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 Stocks Premium 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 ETF EWC 38.12 1.55 0.02 11.2 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Canada PMI vs ETF Premium Factors are available to premium users only. Upgrade your account.
Momentum 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 -50.0 blank High 2023-11-03 16:47:03 MacroVar 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 yield CA.2Y 3.92 -0.2 -0.02 -14.29 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -50.0 blank High 2024-03-13 15:51:56 MacroVar 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 -0.5 blank High 2024-08-06 11:34:32 MacroVar 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 Yield CA.10Y 3.48 -0.46 -0 3.82 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 10Y Premium 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 Curve CA.YC -0.33 0.15 -0.42 -74.15 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Research is available only to premium users. Upgrade your account.
Description
Canadian Dollar US Dollar (CAD/USD) CADUSD 1.36 0.02 -0.01 3.43 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum -0.5 blank High 2024-08-06 11:34:32 MacroVar 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 -0.75 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2023-07-13 15:47:36 MacroVar 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 FX Premium 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 FX Premium 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 FX Premium 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 Swaps CDS.Canada 39.6 0 39.6 0 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Z-scores Premium 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
Symbol Price 1D% MoM% YoY% M T B Factors Research Details
Manufacturing PMI ca.manpmi 49.3 0 0 1 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down blank High 2024-07-31 12:09:13 Momentum 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
Trend Down blank High 2024-07-31 12:09:13 A 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.gdpgrowthan 0.5 -50 -50 150 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Up blank High 2024-07-11 09:32:08 Momentum 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
Trend Down blank High 2024-07-11 09:32:08 A 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 CPI ca.inflationcpi 2.7 -7 -7 -4 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum Down blank Medium 2024-08-20 08:16:45 Momentum 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
Trend Down blank Medium 2024-08-20 08:16:45 A 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 rate ca.unemploymentrate 6.4 3 3 19 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum UP blank Medium 2024-07-31 12:09:13 Momentum 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
Trend UP blank Medium 2024-07-31 12:09:13 A 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
Symbol Price 1D% MoM% YoY% M T B Factors Research Details
CADJPY Implied Volatility CADJPY.IV 6.85 -2.84 -0.09 -5.39 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Risk Signals Premium 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 Composite TSE 22350.2 1.4 0.02 12.75 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2023-11-03 16:47:03 MacroVar 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 Stocks Premium 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 yield CA.2Y 3.92 -0.2 -0.02 -14.29 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -50.0 blank High 2024-03-13 15:51:56 MacroVar 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 -0.5 blank High 2024-08-06 11:34:32 MacroVar 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 Yield CA.10Y 3.48 -0.46 -0 3.82 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 -1.0 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2024-08-06 11:34:32 MacroVar 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 10Y Premium 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 1.36 0.02 -0.01 3.43 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Momentum -0.5 blank High 2024-08-06 11:34:32 MacroVar 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 -0.75 blank High 2024-08-06 11:34:32 MacroVar 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 0.0 blank High 2023-07-13 15:47:36 MacroVar 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 FX Premium 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 FX Premium 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 FX Premium 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 Swaps CDS.Canada 39.6 0 39.6 0 blank blank blank
Factor Last Signal Importance Valuation (Over/Under) Last Signal Logic
Z-scores Premium 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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Time Headlines
2024-08-10 08:03 Canadian Swaps Market sees about 28 bps of easing in September, little changed after jobs data.
2024-08-10 08:03 Canadian Employment Change Actual -2.8k (Forecast 25k, Previous -1.4k)
2024-08-10 08:03 Canadian Labour Force July 2024 Report
2024-08-10 08:03 Canadian Unemployment Rate Actual 6.4% (Forecast 6.5%, Previous 6.4%)
2024-08-10 08:03 Canadian Average Hourly Earnings YoY Actual 5.2% (Forecast 4.8%, Previous 5.60%)
2024-08-10 08:03 Canadian Participation Rate Actual 65% (Forecast 65.33%, Previous 65.3%)
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
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.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Manufacturing PMI ca.manpmi 47.8 49.3 -3 -4 Down Down

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.


1Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
Manufacturing PMI ca.manpmi 47.8 49.3 -3 -4 Down Down
industrial production ca.indproduction -0.6 -1.7 -65 -200 Down Down

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).


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
consumer confidence ca.consconfidence 47.1 47.2s -0 -5 Down Down
unemployment rate ca.unemploymentrate 6.4 6.4s 0 16 UP UP
retail sales ca.retailsalesan 0.2 1s -80 -129 Down UP
retail sales MoM ca.retailsales -0.3 -0.8s -62 -57 Down UP
car registrations ca.carregistrations 168001.0 184711s -9 -0 UP Down
building permits ca.buildingpermits 11736100.0 13363100s -12 5 UP UP

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.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
building permits ca.buildingpermits 11736100.0 13363100 -12 5 UP UP
housing starts ca.housingstarts 279.5 241.6 16 10 UP UP

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.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
gdp ca.gdp 2140.09 2161.48 -1 20 UP UP
Real GDP ca.realgdp 2365811.0 2356070 0 14 UP UP
gdp growth annual ca.gdpgrowthan 0.5 1 -50 150 Down UP
gdp growth ca.gdpgrowth 0.4 0 0 -71 Down Down
inflation cpi ca.inflationcpi 2.5 2.7 -7 -24 Down Down
interest rate ca.interestrate 4.75 5 -5 0 Down Down
unemployment rate ca.unemploymentrate 6.4 6.4 0 16 UP UP
external debt ca.externaldebt 4144949.0 4155750 -0 37 UP UP
government debt to gdp ca.govdebtgdp 107.0 112.8 -5 32 UP UP
current account ca.currentaccount -8500.0 -5400 57 2235 Down Down
current account to gdp ca.currentaccountgdp -0.6 -0.4 50 -79 UP UP
exports ca.exports 66650.0 63190 5 3 UP UP
imports ca.imports 66010.0 64800 2 2 UP UP
foreign exchange reserves ca.fxreserves 124205.0 122900 1 9 UP UP
gold reserves ca.goldres 0.0 0 0 0 Down Down
government revenues ca.govrev 38482.0 41008 -6 10 UP UP
fiscal expenditure ca.fiscalexp 31932.0 40943 -22 -3 Down Down

Canada Inflation

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


Indicator Symbol Actual Previous M/M% Y/Y% Trend
inflation cpi ca.inflationcpi 2.5 2.7 -7 -24 blank
core inflation rate ca.coreinflationrate 1.7 1.9 -11 -47 blank
Produce Prices YoY ca.producerpricesch 2.9 2.9 0 -191 blank

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.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
unemployment rate ca.unemploymentrate 6.4 6.4 0 16 UP UP

Canada Monetary Policy

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


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
interest rate ca.interestrate 4.75 5 -5 0 Down Down
central bank balance sheet ca.cb.assets 289301.0 273021 6 -19 Down Down
banks balance sheet ca.banks.bs 4095699.0 4155530 -1 247 UP UP
money supply m1 ca.msm1 1544648.0 1533380 1 3 UP UP
money supply m2 ca.msm2 2551791.0 2529510 1 5 UP UP
government debt to gdp ca.govdebtgdp 107.0 112.8 -5 32 UP UP
loans to private sector ca.loanprivate 674820.0 659572 2 3 UP UP
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.


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
government revenues ca.govrev 38482.0 41008 -6 10 UP UP
fiscal expenditure ca.fiscalexp 31932.0 40943 -22 -3 Down Down
government budget ca.govbudget -1.3 -3.6 -64 -38 UP UP
Government budget ca.govbudgetvalue 1101.0 -4994 -122 -160 UP UP
government debt to gdp ca.govdebtgdp 107.0 112.8 -5 32 UP UP

Canada Trade

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


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope
current account ca.currentaccount -8500.0 -5400 57 2235 Down Down
current account to gdp ca.currentaccountgdp -0.6 -0.4 50 -79 UP UP
balance of trade ca.balanceoftrade 638.4 -1610.5 -140 -225 UP UP
imports ca.imports 66010.0 64800 2 2 UP UP
exports ca.exports 66650.0 63190 5 3 UP UP
capital flows ca.capitalflows -5080.0 1775 -386 -308 Down Down
foreign direct investment ca.fdi -6189.0 9295 -167 -126 Down Down
external debt ca.externaldebt 4144949.0 4155750 -0 37 UP UP
foreign exchange reserves ca.fxreserves 124205.0 122900 1 9 UP UP
gold reserves ca.goldres 0.0 0 0 0 Down Down