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 | ||||
|---|---|---|---|---|---|
| BoC Consumer Price Index Core (MoM) | Bullish change | 0.2% | 0.6% | ||
| BoC Consumer Price Index Core (YoY) | Bullish change | 2.8% | 2.9% | ||
| Consumer Price Index (MoM) | Bullish change | 0.1% | 0.2% | ||
| Consumer Price Index (YoY) | Bearish change | 2.4% | 2.2% | ||
| Average Hourly Wages (YoY) | Bullish change | 3.6% | 4% | ||
| Net Change in Employment | Bullish change | 60.4K | 66.6K |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |