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 6.6%. 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 6.6% against a forecast of 6.9%.
Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Ivey Purchasing Managers Index | Bearish change | 61.3 | 59.7 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 58.2 | 56.2 | ||
| S&P Global Manufacturing PMI | Bullish change | 52.9 | 53 | ||
| Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.5% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Labor Market |
| Frequency: | Monthly |