Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The typical/expected impact on CAD pairs is high.
The consensus forecast for Net Change in Employment is 25K. 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 14.5K against a forecast of 25K.
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 | 51.1 | 52 | ||
Gross Domestic Product (QoQ) | Bearish change | 0.5% | 0.3% | ||
Gross Domestic Product Annualized | Bearish change | 2.2% | 1% | ||
Gross Domestic Product (MoM) | Bullish change | 0% | 0.1% | ||
Current Account | Bullish change | -4.7B | -3.23B | ||
Retail Sales (MoM) | (no change) | 0.4% | 0.4% | ||
Retail Sales ex Autos (MoM) | Bullish change | -0.8% | 0.9% |
Country: | Canada |
---|---|
Currency: | CAD |
Source: | Statistics Canada |
Category: | Labor Market |
Frequency: | Monthly |