Economic calendar
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Friday 6 November 2026
CAD Canada Employment ChangeEmployment Change Forecast 14.6KPrevious -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 Canada Unemployment RateUnemployment Rate Forecast 6.5%Previous 6.5%
- 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.
Calendar data from Forex Factory. Explanations are written by AI for education, not investment advice.