Canada September Unemployment Rate: Bearish for CAD

Statistics Canada released the unemployment rate data for September on September 5, 2025. The reported figure was 7.1%, with no forecast provided; the previous reading was also 7.1%.This indicator measures the proportion of unemployed individuals within the labor force over a given period, serving as a key gauge of idle labor capacity and a primary measure of national or regional unemployment conditions. Based on market impact analysis, a reported value lower than the forecast could exert downward pressure on the Canadian dollar.The data carries a medium importance level (2) and is calculated as the ratio of the number of unemployed and actively job-seeking individuals to the total employed population in the previous month. It is published monthly, with the next release scheduled for November 7, 2025.

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