Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Unemployment Rate was 6.9% against a forecast of 6.8%.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | (no change) | 3.5% | 3.5% | ||
Net Change in Employment | Bullish change | -32.6K | 7.4K | ||
Ivey Purchasing Managers Index | Bearish change | 55.6 | 52.3 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 51.3 | 47.9 | ||
S&P Global Manufacturing PMI | Bearish change | 46.3 | 45.3 | ||
Gross Domestic Product (MoM) | Bearish change | 0.4% | -0.2% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |