In other news, if you nudge the up/down switch on the car door, the window opens and closes.
No offense but two things:
1) what do you expect to happen when you move the case magnets out of alignment with the magnets on the iPad?
2) I'm not sure but after trying many, many times (with my current iPad) I have never heard such ticking sounds happening when I open and close any case with sleep/wake magnets. I even sat here with my ear basically ON the iPad while opening and closing both the Canvas and a smart cover and no such clicks exists.
When I move/squish the cover of the Canvas around in the manner you were, the only thing that could be heard every three or four movements was perhaps a little velcro separation.
I'm not a Switcheasy Canvas apologist (it has definitely got its faults) but this just doesn't seem to be an issue one wouldn't have with any other case using sleep/wake magnets and no latch to stop side-to-side movement.
No offense - but the ticking noise that the poster is speaking about when shutting off is turned either on or off in settings just like the tapping for keystrokes...
My mistake. I have always had that sound turned off and have long since forgotten about it. But I still remain in the idea that the behavior isn't abnormal. It's doing exactly what it was supposed to do in the event that the magnets are no longer in alignment. Who squishes their case around like that anyway? To channel the late Steve Jobs, you're just carrying/handling it wrong.
Actually a more powerful magnet would resolve that problem had they thought about it but it probably would have cost an extra 2cents to manufacture. I have a $5 Casecrown case made for the iPad 2 which I got off eBay for my "3" while waiting for the case I want to ship and I can slide it an inch to either side as well as lift up the cover almost an inch and the iPad stays sleeping. It is a 1/4" round magnet and is so strong I can stack up 3 single edge razor blades on it and they stick to it.