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 6.5%. 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 6.5% against a forecast of 6.6%.
Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bullish change | 53 | 53.5 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.6% | 0.3% | ||
| Retail Sales (MoM) | Bullish change | 0.4% | 1% | ||
| Retail Sales ex Autos (MoM) | Bullish change | 0% | 1.2% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |