Canada September Unemployment Rate: Bearish for CAD

Statistics Canada released the unemployment rate data for September on September 5, 2025. The reported figure was 7.10%, with no forecast provided; the previous value was also 7.10%.Definition: The unemployment rate represents the percentage of unemployed individuals within the labor force during a specified period. It serves as a primary indicator of idle labor capacity and reflects the overall employment situation of a country or region. In terms of market impact, a reading lower than the forecast may exert downward pressure on the Canadian dollar.This data has an importance rating of 2. The calculation method is the proportion of unemployed and actively job-seeking individuals to the total employed population from the previous month. The data is released monthly, with the next publication scheduled for November 7, 2025.

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