Unemployment Rate (CAD) comes in at 6.4% against 6.6% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Unemployment Rate for August 7, 2026, printed at 6.4%. This figure came in below the consensus expectation of 6.6% and also marked a decrease from the previous month’s 6.5%. The actual rate was 3.0% lower than the consensus forecast.
Following the release, the Canadian dollar showed varied reactions against major currencies. Fifteen minutes after the data, USDCAD moved -45 pips, while CADJPY moved -39 pips. CADCHF saw a -11 pip move. Against other pairs, AUDCAD moved +14 pips, NZDCAD moved +19 pips, EURCAD moved +9.1 pips, and GBPCAD moved +8.3 pips. Compared to historical median 1-hour moves, the current reactions for AUDCAD, CADCHF, EURCAD, GBPCAD, and NZDCAD are currently below or near their typical median moves of 18 pips, 14 pips, 26 pips, 34 pips, and 18 pips respectively. USDCAD’s -45 pip move has exceeded its median 1-hour move of 26 pips, and CADJPY’s -39 pip move is significantly higher than its median 1-hour move of 20 pips.