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.
There is no forecast value for Unemployment Rate yet - check back for updates.
The most recent announced value for Unemployment Rate was 6.9% against a forecast of 7.1%.
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 | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bullish change | 3.6% | 4% | ||
| Net Change in Employment | Bullish change | 60.4K | 66.6K | ||
| Ivey Purchasing Managers Index | Bearish change | 61.6 | 51.7 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 59.8 | 52.4 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.3% | -0.3% | ||
| BoC Interest Rate Decision | Bearish change | 2.5% | 2.25% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |