Forex Fundamentals
Canada Unemployment Rate

Canada Unemployment Rate 6 November 2020

Canada Unemployment Rate 6 November 2020: 8.9% for October 2020, above the 8.8% forecast and down from 9% in September 2020. It is the lowest reading since March 2020. 5 of the last 12 releases came in above the forecast. It was released on Fri 6 Nov 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
8.9%
October 2020
Forecast
8.8%
The market consensus
Previous
9%
As the source gives it

What a print like this usually does

Above the forecast: An unexpected rise would usually weigh on the Canadian dollar by pointing to more labour-market slack and a potentially easier Bank of Canada path.

Canada Unemployment Rate 6 November 2020: 8.9% for October 2020 against a 8.8% 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 6 November 2020: 8.9% vs 8.8% forecast (Statistics Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/ca-unemployment/2020-11-06

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
6 Nov 2020Oct8.9%8.8%9%
9 Oct 2020Sep9%9.7%10.2%
4 Sep 2020Aug10.2%10.1%10.9%
7 Aug 2020Jul10.9%11%12.3%
10 Jul 2020Jun12.3%12%13.7%
5 Jun 2020May13.7%15%13%
8 May 2020Apr13%18%7.8%
9 Apr 2020Mar7.8%7.2%5.6%
6 Mar 2020Feb5.6%5.6%5.5%
7 Feb 2020Jan5.5%5.6%5.6%
10 Jan 2020Dec5.6%5.8%5.9%
6 Dec 2019Nov5.9%5.5%5.5%
The release before:Canada Unemployment Rate 9 October 2020The release after:Canada Unemployment Rate 4 December 2020Canada Unemployment Rate: every recent resultThis week’s economic calendar