Economic calendar
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Friday 6 November 2026
EUR ECB President Lagarde Speaks
- What it is
- Christine Lagarde, President of the European Central Bank (ECB), gives a speech or answers questions at an event, usually discussing the eurozone economy and monetary policy.
- Why it matters
- The ECB sets eurozone interest rates, so the President's words are often watched closely, especially for fresh hints about the direction of rates.
- Usual market reaction
- Traders usually listen for her view on inflation and growth and for any hint about whether rates may be raised, held or cut. A hawkish tone often supports the euro, while a dovish tone tends to weigh on it. Prices usually react to how the message differs from what the market already expected, and if nothing new is said the move may be small.
CAD Canada Annual Budget ReleaseAnnual Budget Release
- What it is
- Canada's federal government, through the Department of Finance, presents its plans for revenue, spending, the deficit and borrowing for the fiscal year.
- Why it matters
- The budget shows the direction of fiscal policy, such as spending levels and government debt, which can affect economic growth and confidence in the Canadian dollar. Its importance is usually moderate and depends on whether it contains surprises.
- Usual market reaction
- Markets usually compare the actual numbers, such as the size of the deficit and borrowing plans, with what analysts expected. If the plan looks more disciplined or more growth-friendly than expected, the Canadian dollar (CAD) often gets support, while a much larger deficit or borrowing need than expected can weigh on it. The budget can also influence bond yields and interest-rate expectations, but reactions tend to be modest without surprises.
CAD Canada Unemployment RateUnemployment Rate Forecast 6.5%Previous 6.5%
Forecast6.5%Previous6.5%
- What it is
- The unemployment rate is the share of people in the labour force who are without a job and looking for work. It is published monthly by Statistics Canada.
- Why it matters
- It is a key gauge of the Canadian job market and one of the inputs the Bank of Canada looks at when considering interest rates. It is usually released together with the employment change figure.
- Usual market reaction
- Prices usually react to the actual figure compared with the forecast. Unlike job-growth data, a lower-than-forecast unemployment rate tends to support the Canadian dollar because it points to a strong job market, while a higher-than-forecast rate often weighs on it. The reaction often also depends on the employment figure released at the same time.
CAD Canada Employment ChangeEmployment Change Forecast 14.6KPrevious -68.3K
Forecast14.6KPrevious-68.3K
- What it is
- This shows how many more or fewer people in Canada had a job in the previous month. It is published by Statistics Canada as part of its Labour Force Survey.
- Why it matters
- Employment reflects the strength of the Canadian economy and is one of the factors the Bank of Canada considers when setting interest rates, so it is an important release for the Canadian dollar.
- Usual market reaction
- Prices usually react to the actual figure compared with the forecast. A higher-than-forecast job gain tends to support the Canadian dollar, as it suggests a healthy economy, while a lower-than-forecast or negative result often weighs on it. USD/CAD can be especially volatile when this is released alongside US jobs data.
CAD Ivey PMI (Canada)Ivey PMI Forecast 57.7Previous 58.2
Forecast57.7Previous58.2
- What it is
- The Ivey Purchasing Managers Index (PMI) is published by the Ivey Business School and is based on a survey of purchasing managers across Canada about business activity.
- Why it matters
- Purchasing managers often see changes in demand early, so the index gives a timely read on the health of the Canadian economy. A reading above 50 usually signals expansion and below 50 contraction. Its importance is usually moderate.
- Usual market reaction
- Markets usually compare the actual reading with the forecast. A higher-than-forecast result tends to support the Canadian dollar (CAD) because it points to a stronger economy, while a lower-than-forecast result often weighs on it. Moves are usually smaller than for major data such as jobs figures or Bank of Canada rate decisions.
Calendar data from Forex Factory. Explanations are written by AI for education, not investment advice.