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Canada CAD

Canada Labor Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:

Next Release:

Date:
Period:
What Does It Measure?
The Canada Labor Day measures the observance of labor rights and the recognition of the contribution of workers to the economy within Canada. It primarily focuses on employment levels, labor force participation, and work-related practices within various sectors, serving as a regional indicator of labor market dynamics.
Frequency
Labor Day is observed annually on the first Monday in September, and it is not associated with a specific report that is released on a scheduled basis.
Why Do Traders Care?
Traders may be interested in Labor Day due to its implications for economic activity; as a public holiday, it can affect productivity metrics and labor supply. The day also serves as a barometer for worker sentiment, which can influence broader economic forecasts and market cycles.
What Is It Derived From?
The observance of Labor Day is derived from the historical labor movement, which advocated for worker rights and better working conditions. While there are no quantitative measures directly stemming from Labor Day itself, the holiday reflects societal attitudes towards labor and can imply trends in the labor market based on historical employment data.
Description
Labor Day's significance lies in its representation of workers’ rights and its role in promoting labor movements. Although it does not release quantifiable data, its acknowledgment impacts public sentiment towards labor policies and can correlate with employment trends, setting the stage for future economic analyses.
Additional Notes
Labor Day can be viewed as a coincident economic indicator since it aligns with labor-related events and broader employment trends. While it does not produce hard data, it relates to discussions around labor legislation, wage growth, and industrial relations, which are crucial for assessing the economy's overall health.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Sep 02, 2024
 
  
Sep 04, 2023
 
  
Sep 05, 2022
 
  
Sep 06, 2021
 
  
Sep 07, 2020