Canada October Unemployment Rate: Bearish for CAD

Statistics Canada released the unemployment rate data for October on October 10, 2025. The reported figure was 7.1%, with no forecast provided; the previous reading was also 7.1%.Definition: The unemployment rate represents the proportion of unemployed individuals within the labor force over a given period, serving as a key indicator of idle labor capacity and overall labor market conditions in a country or region. In terms of market impact, a reported value lower than the forecast is considered bearish for the Canadian dollar.This indicator carries a medium importance level (2). The calculation method measures the percentage of individuals who are unemployed and actively seeking work in the previous month relative to the total employed population. The data is released monthly, with the next publication scheduled for the following month.

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