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 Net Change in Employment yet - check back for updates.
The most recent announced value for Net Change in Employment was -4.7K against a forecast of 13.6K.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Ivey Purchasing Managers Index | Bearish change | 61.9 | 56.4 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 58.2 | 58.3 | ||
| Average Hourly Wages (YoY) | Bearish change | 2.3% | 2% | ||
| Unemployment Rate | Bearish change | 6.5% | 6.7% | ||
| S&P Global Manufacturing PMI | Bearish change | 51.5 | 49.6 | ||
| Gross Domestic Product (MoM) | (no change) | 0% | 0% | ||
| BoC Interest Rate Decision | Bullish change | 2.25% | 2.5% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |