Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 7 February 2020

Canada Unemployment Rate 7 February 2020: 5.5% for January 2020, below the 5.6% forecast and down from 5.6% in December 2019. It is the lowest reading since October 2019. It is the second release in a row below the forecast. It was released on Fri 7 Feb 2020 at 13:30 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics Canada. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
5.5%
January 2020
Forecast
5.6%
The market consensus
Previous
5.6%
As the source gives it

What a print like this usually does

Below the forecast: An unexpected fall would usually support the Canadian dollar, especially if it comes with solid hiring and stable participation.

Canada Unemployment Rate 7 February 2020: 5.5% for January 2020 against a 5.6% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

Canada Unemployment Rate 7 February 2020: 5.5% vs 5.6% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2020-02-07

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
7 Feb 2020Jan5.5%5.6%5.6%
10 Jan 2020Dec5.6%5.8%5.9%
6 Dec 2019Nov5.9%5.5%5.5%
8 Nov 2019Oct5.5%5.5%5.5%
11 Oct 2019Sep5.5%5.7%5.7%
6 Sep 2019Aug5.7%5.7%5.7%
9 Aug 2019Jul5.7%5.5%5.5%
5 Jul 2019Jun5.5%5.5%5.4%
7 Jun 2019May5.4%5.7%5.7%
10 May 2019Apr5.7%5.8%5.8%
5 Apr 2019Mar5.8%5.8%5.8%
8 Mar 2019Feb5.8%5.8%5.8%
The release before:Canada Unemployment Rate 10 January 2020The release after:Canada Unemployment Rate 6 March 2020Canada Unemployment Rate: every recent resultThis week’s economic calendar