Canadian unemployment rate indexDeltafx Admin 13 February 2023
The unemployment rate index measures the percentage of the total unemployed workforce who are actively looking for work in the last month.
Publishing a higher than expected figure should be considered negative/bearish for CAD, while reporting a lower than expected figure should be considered positive/bullish for CAD.
The Canadian Unemployment Rate Index was released at 1:30 PM on February 10 at 5.0%, compared to expectations for 5.1%. It is also worth mentioning that the figure of the last period of this index was 5.0%.
Following the publication of the higher figure of this index, we saw the change of the Canadian dollar in the markets.