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 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 6.9% against a forecast of 7.1%.
Recent economic data has been moderately bullish for CAD. 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 | 49.6 | 48.4 | ||
| Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.2% | ||
| Gross Domestic Product (QoQ) | Bullish change | -0.5% | 0.6% | ||
| Gross Domestic Product Annualized | Bullish change | -1.8% | 2.6% | ||
| Current Account | Bullish change | -21.56B | -9.68B | ||
| Retail Sales (MoM) | Bearish change | 1% | -0.7% | ||
| Retail Sales ex Autos (MoM) | Bearish change | 0.8% | 0.2% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |