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.
There is no forecast value for Unemployment Rate yet - check back for updates.
The most recent announced value for Unemployment Rate was 6.9% against a forecast of 7.1%.
Recent economic data has been strongly 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) | Bearish change | 3.5% | 3.2% | ||
Net Change in Employment | Bullish change | 8.8K | 83.1K | ||
Ivey Purchasing Managers Index | Bullish change | 53.8 | 54.6 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 48.9 | 53.3 | ||
S&P Global Manufacturing PMI | Bearish change | 46.1 | 45.6 |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |