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 Net Change in Employment is 14.5K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Net Change in Employment was 83.1K against a forecast of 0K.
Recent economic data has been broadly neutral 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 | Bullish change | 45.6 | 46.1 | ||
Gross Domestic Product (MoM) | (no change) | -0.1% | -0.1% | ||
BoC Interest Rate Decision | (no change) | 2.75% | 2.75% | ||
Retail Sales (MoM) | Bearish change | 0.3% | -1.1% | ||
Retail Sales ex Autos (MoM) | Bullish change | -0.3% | -0.2% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |