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 7.1% against a forecast of 7.2%.
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% | 0.2% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 2.6% | 2.8% | ||
Consumer Price Index (MoM) | Bullish change | -0.1% | 0.1% | ||
Consumer Price Index (YoY) | Bullish change | 1.9% | 2.4% | ||
Average Hourly Wages (YoY) | (no change) | 3.6% | 3.6% | ||
Net Change in Employment | Bullish change | -65.5K | 60.4K |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |