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 7.1%. 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 7.1% against a forecast of 7.2%.
Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (MoM) | Bearish change | 0.3% | -0.3% | ||
| BoC Interest Rate Decision | Bearish change | 2.5% | 2.25% | ||
| Retail Sales (MoM) | Bullish change | -0.7% | 1% | ||
| Retail Sales ex Autos (MoM) | Bullish change | -1.1% | 0.7% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |