Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Net Change in Employment was -65.5K against a forecast of 7.5K.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:
Previous | Latest | ||||
---|---|---|---|---|---|
BoC Interest Rate Decision | Bearish change | 2.75% | 2.5% | ||
BoC Consumer Price Index Core (MoM) | Bearish change | 0.1% | 0% | ||
BoC Consumer Price Index Core (YoY) | (no change) | 2.6% | 2.6% | ||
Consumer Price Index (MoM) | Bearish change | 0.3% | -0.1% | ||
Consumer Price Index (YoY) | Bullish change | 1.7% | 1.9% | ||
Ivey Purchasing Managers Index | Bearish change | 54.6 | 50 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 55.8 | 50.1 | ||
Average Hourly Wages (YoY) | Bullish change | 3.5% | 3.6% | ||
Unemployment Rate | Bearish change | 6.9% | 7.1% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |