Challenges
Unemployment Rate
Most recent - Friday 7 March 2025 13:30
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Next event - Friday 4 April 2025 12:30
The typical/expected impact on CAD pairs is high.
There is no forecast value for Unemployment Rate yet - check back for updates.
Trading range
Forecast history
The most recent announced value for Unemployment Rate was 6.6% against a forecast of 6.7%.
Past events
Economic context
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 | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bullish change | 3.7% | 4% | ||
| Net Change in Employment | Bearish change | 76K | 1.1K | ||
| Ivey Purchasing Managers Index | Bullish change | 46.2 | 53.6 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 47.1 | 55.3 | ||
| S&P Global Manufacturing PMI | Bearish change | 51.6 | 47.8 | ||
| Gross Domestic Product (MoM) | Bullish change | -0.2% | 0.2% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0.5% | 0.6% | ||
| Gross Domestic Product Annualized | Bullish change | 2.2% | 2.6% | ||
| Current Account | Bearish change | -3.62B | -4.99B |
About Unemployment Rate
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |