Canada Employment Change preview: Consensus points to 17.8K jobs added
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
The upcoming Canada Employment Change report, scheduled for 2026-08-07 at 12:30 UTC, is expected to show a gain of 17.8K jobs. This figure follows the previous reading of 18.2K. As a high impact release, employment data is closely watched for insights into the health of the Canadian economy and potential implications for monetary policy.
Historically, this release has generated significant market movement. After past releases, AUDCAD has seen a median 1-hour move of 20 pips, with top-quarter releases moving 38+ pips. CADCHF observed a median move of 14 pips, and CADJPY a median of 21 pips, with top-quarter moves of 29+ pips and 42+ pips respectively. EURCAD and GBPCAD have shown larger median movements of 28 pips and 35 pips, with top-quarter moves reaching 54+ pips and 56+ pips. NZDCAD typically moves 19 pips on average, and USDCAD a median of 28 pips, with top-quarter moves exceeding 48+ pips. The direction reliability on USDCAD has been 70%.
Recent prints have shown varied outcomes. The July 2026 release reported 18.2K jobs, while June saw 87.8K. May 2026 registered a decline of -17.7K. USDCAD 1-hour moves after these releases included a +1.3 pips move in July, +4.3 pips in June, and +42 pips in May.