Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The typical/expected impact on CAD pairs is high.
There is no forecast value for Unemployment Rate yet - check back for updates.
The most recent announced value for Unemployment Rate was 6.8% against a forecast of 6.6%.
Recent economic data has been strongly 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) | Bearish change | 4% | 3.7% | ||
| Net Change in Employment | Bearish change | 53.6K | 8.2K | ||
| Ivey Purchasing Managers Index | Bearish change | 44.5 | 43.3 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 48.4 | 51.9 | ||
| S&P Global Manufacturing PMI | Bullish change | 48.4 | 48.6 |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |