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.
The consensus forecast for Unemployment Rate is 6.7%. A higher value than forecast tends to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Unemployment Rate was 6.6% against a forecast of 6.7%.
Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
S&P Global Manufacturing PMI | Bearish change | 47.8 | 46.3 | ||
Gross Domestic Product (MoM) | Bullish change | 0.3% | 0.4% | ||
Retail Sales (MoM) | Bearish change | 2.6% | -0.6% | ||
Retail Sales ex Autos (MoM) | Bearish change | 2.9% | 0.2% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |