The typical/expected impact on CAD pairs is high.
The consensus forecast for Net Change in Employment is -15K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Net Change in Employment was 7.4K against a forecast of 2.5K.
Recent economic data has been strongly bullish 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 | Bullish change | 52.3 | 53.8 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 47.9 | 48.9 | ||
BoC Interest Rate Decision | (no change) | 2.75% | 2.75% | ||
S&P Global Manufacturing PMI | Bullish change | 45.3 | 46.1 | ||
Gross Domestic Product (MoM) | Bullish change | -0.2% | 0.1% | ||
Gross Domestic Product (QoQ) | (no change) | 0.5% | 0.5% | ||
Gross Domestic Product Annualized | Bullish change | 2.1% | 2.2% | ||
Current Account | Bullish change | -3.56B | -2.13B | ||
Retail Sales (MoM) | Bullish change | -0.5% | 0.8% | ||
Retail Sales ex Autos (MoM) | Bearish change | 0.6% | -0.7% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |