Breaking News

Canada Unemployment Rate

Latest Release

Jan 10, 2025

Actual

6.7%

Forecast

6.9%

6.8%

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

A higher than expected reading should be taken as negative/bearish for the CAD, while a lower than expected reading should be taken as positive/bullish for the CAD.

Importance:

Country:

Currency: CAD

Source: Statistics Canada

Release Date	Time	Actual	Forecast	Previous
Feb 07, 2025 (Jan)	21:30			6.7%
Jan 10, 2025 (Dec)	21:30	6.7%	6.9%	6.8%
Dec 06, 2024 (Nov)	21:30	6.8%	6.6%	6.5%
Nov 08, 2024 (Oct)	21:30	6.5%	6.6%	6.5%
Oct 11, 2024 (Sep)	20:30	6.5%	6.7%	6.6%
Sep 06, 2024 (Aug)	20:30	6.6%	6.5%	6.4%

Analysis

Dollar Gains Momentum In Early 2022 Trade By Kathy Lien - Jan 04, 2022

Dollar bulls came charging out of the gate on the first day of the 2022 trade. The greenback moved sharply higher against all of the major currencies, with USD/JPY closing in on a 4-year-high....

3 Reasons Why U.S. Dollar Shrugged Off Weak Payrolls By Kathy Lien - Dec 04, 2021

Job growth in the U.S. slowed significantly last month, with non-farm payrolls rising by only 210,000 in November, down from 546,000 in October. This was less than half of the 550,000 consensus...

Bank Of Canada Expected To Taper, So Why Is CAD Falling? By Kathy Lien - Oct 27, 2021

Of the three monetary policy announcements this week, the Bank of Canada’s is the most important. Back in April, the Bank of Canada set the ball rolling by becoming the first major central...

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