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 6.7% against a forecast of 6.9%.
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 | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | Bearish change | 3.9% | 3.7% | ||
Net Change in Employment | Bullish change | 50.5K | 90.9K | ||
Ivey Purchasing Managers Index | Bearish change | 49.7 | 44.3 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 52.3 | 54.7 |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |