Challenges
Net Change in Employment
Most recent - Friday 5 May 2023 12:30
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Next event - Friday 9 June 2023 12:30
The typical/expected impact on CAD pairs is high.
The consensus forecast for Net Change in Employment is 1.1K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Trading range
Forecast history
The most recent announced value for Net Change in Employment was 41.4K against a forecast of 20K.
Past events
Economic context
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bearish change | 50.2 | 49 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.1% | 0% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0% | 0.8% | ||
| Gross Domestic Product Annualized | Bullish change | -0.1% | 3.1% | ||
| Current Account | Bullish change | -8.05B | -6.17B |
About Net Change in Employment
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |