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 -24.8K against a forecast of 7K.
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 | Bullish change | 43.3 | 47 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 51.9 | 50.9 | ||
| Average Hourly Wages (YoY) | Bearish change | 3.7% | 3.3% | ||
| Unemployment Rate | Bullish change | 6.8% | 6.5% | ||
| S&P Global Manufacturing PMI | Bullish change | 48.6 | 50.4 | ||
| Gross Domestic Product (MoM) | Bullish change | -0.3% | 0% | ||
| BoC Interest Rate Decision | (no change) | 2.25% | 2.25% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |