Smoothed World Uncertainty Index for Canada
WUIMACAN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
326.02%
Date Range
10/1/1952 - 4/1/2025
Summary
The Smoothed World Uncertainty Index for Canada tracks global economic policy uncertainty related to Canada. It is a key indicator for assessing the impact of global events and policy changes on the Canadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Smoothed World Uncertainty Index for Canada measures global economic policy uncertainty with a focus on Canada. It is used by economists and policymakers to understand how international developments affect the Canadian economy and financial markets.
Methodology
The index is calculated using automated text-mining of Economist Intelligence Unit country reports.
Historical Context
This index provides insights into how global economic and policy uncertainty affects Canada, which is vital for economic forecasting and policy decisions.
Key Facts
- The index ranges from 0 to 1, with higher values indicating greater uncertainty.
- Canada's index has risen sharply during major global events like the COVID-19 pandemic.
- The index helps policymakers assess risks to the Canadian economy from international developments.
FAQs
Q: What does the Smoothed World Uncertainty Index for Canada measure?
A: The index measures global economic policy uncertainty with a focus on how it impacts the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The index provides insights into how global events and policy changes affect the Canadian economy, which is crucial for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated using automated text-mining of Economist Intelligence Unit country reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the index to assess the risks to the Canadian economy from international developments and uncertainties.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be delays in the availability of the underlying data sources.
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Citation
U.S. Federal Reserve, Smoothed World Uncertainty Index for Canada (WUIMACAN), retrieved from FRED.