Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The typical/expected impact on CAD pairs is high.
The consensus forecast for Unemployment Rate is 6.4%. A higher value than forecast tends to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Unemployment Rate was 6.4% against a forecast of 6.5%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bearish change | 53.5 | 53 | ||
| Gross Domestic Product (MoM) | (no change) | 0.3% | 0.3% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0.1% | 0.8% | ||
| Gross Domestic Product Annualized | Bullish change | 0.3% | 3.3% | ||
| Current Account | Bullish change | -8.31B | 8.84B | ||
| Retail Sales (MoM) | Bearish change | 1.1% | 0.6% | ||
| Retail Sales ex Autos (MoM) | Bearish change | 1.2% | 0.5% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |