The typical/expected market impact of this event is low.
The consensus forecast for Labor Productivity (QoQ) is -0.1%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Labor Productivity (QoQ) was 0.9% against a forecast of 0.4%.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Labor Productivity (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bullish change | 50.4 | 51 | ||
| Gross Domestic Product (MoM) | Bullish change | 0% | 0.2% | ||
| Gross Domestic Product (QoQ) | Bearish change | 0.6% | -0.2% | ||
| Gross Domestic Product Annualized | Bearish change | 2.4% | -0.6% | ||
| Current Account | Bullish change | -5.27B | -0.7B | ||
| Retail Sales (MoM) | Bearish change | 1.2% | -0.4% | ||
| Retail Sales ex Autos (MoM) | Bearish change | 1.6% | 0.1% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Quarterly |