New data Employment Change (Dec)
1/10/2025
actual 90.9, previous 50.5
The event is the "Employment Change" report for Canada, scheduled for release on January 10, 2025, at 13:30 GMT. The actual value reported is 90.9 thousand jobs added in December. This represents a significant increase from the previous month's value of 50.5 thousand jobs. The market consensus estimate was 25 thousand jobs added, making the actual result higher than expected.This event is considered to have a high impact on the Canadian economy and the CAD currency. The 80% change percentage indicates a substantial deviation from the previous value, which could lead to volatility in the currency markets. Overall, the higher-than-expected employment change figure suggests positive growth in the Canadian labor market, which could potentially have implications for the country's economic performance.
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