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 Unemployment Rate is 7%. A higher value than forecast tends to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Unemployment Rate was 6.9% against a forecast of 7.1%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate 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 |
---|---|
Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |