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 Unemployment Rate yet - check back for updates.
The most recent announced value for Unemployment Rate was 6.6% against a forecast of 6.5%.
Recent economic data has been strongly bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
BoC Consumer Price Index Core (MoM) | Bearish change | 0.3% | -0.1% | ||
BoC Consumer Price Index Core (YoY) | Bearish change | 1.7% | 1.5% | ||
Consumer Price Index (MoM) | Bearish change | 0.4% | -0.2% | ||
Consumer Price Index (YoY) | Bearish change | 2.5% | 2% | ||
Ivey Purchasing Managers Index | Bearish change | 55.3 | 50.3 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 57.6 | 48.2 | ||
Average Hourly Wages (YoY) | Bearish change | 5.2% | 4.9% | ||
Net Change in Employment | Bullish change | -2.8K | 22.1K | ||
BoC Interest Rate Decision | Bearish change | 4.5% | 4.25% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |