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 6.6% against a forecast of 6.8%.
Recent economic data has been moderately 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 | 3.8% | 3.7% | ||
Net Change in Employment | Bearish change | 91K | 76K | ||
Ivey Purchasing Managers Index | Bullish change | 44.3 | 46.2 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 54.7 | 47.1 | ||
S&P Global Manufacturing PMI | Bearish change | 52.2 | 51.6 | ||
Gross Domestic Product (MoM) | Bearish change | 0.3% | -0.2% | ||
BoC Interest Rate Decision | Bearish change | 3.25% | 3% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |