Canada Employment Change comes in at -41.7K against -30.6K consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Employment Change for September 2026 registered a decline of -41.7K, significantly missing the consensus expectation of -30.6K. This follows the previous month’s increase of 75.1K. The actual figure represented a -36.3% surprise against the consensus.
Following the release, the Canadian dollar showed broad weakness against major currencies. USDCAD advanced +70 pips 15 minutes after the print. This move is larger than its median 1-hour move of 29 pips and exceeds the top-quarter releases, which typically see moves of 49+ pips. Historically, USDCAD’s direction reliability after this release is 70%. CADJPY fell -42 pips, matching its top-quarter releases, which typically move 42+ pips. EURCAD gained +46 pips, a move larger than its median 1-hour move of 28 pips. GBPCAD advanced +46 pips, which is smaller than its top-quarter releases of 56+ pips. AUDCAD rose +27 pips, a move larger than its median 1-hour move of 19 pips. NZDCAD gained +4.8 pips, a move smaller than its median 1-hour move of 19 pips. CADCHF fell -5.3 pips, a move smaller than its median 1-hour move of 14 pips.