The typical/expected impact on CAD pairs is high.
The consensus forecast for Unemployment Rate is 6.6%. A higher value than forecast tends to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Unemployment Rate was 6.5% against a forecast of 6.8%.
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Ivey Purchasing Managers Index | Bullish change | 47 | 56.3 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 50.9 | 56.6 | ||
| S&P Global Manufacturing PMI | Bullish change | 50.4 | 51 | ||
| Gross Domestic Product (MoM) | Bullish change | 0% | 0.2% | ||
| Gross Domestic Product (QoQ) | Bearish change | 0.6% | -0.2% | ||
| Gross Domestic Product Annualized | Bearish change | 2.4% | -0.6% | ||
| Current Account | Bullish change | -5.27B | -0.7B |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |