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.