Newsig · Forex News
Canada September employment change -68.3K vs +9.2K expected
Prior was -41.7KDetails for the month of September: Employment change: K vs +9.2K expected; prior -41.7KUnemployment rate: % vs 6.5% expected; prior 6.4%Full-time employment change: K vs prior -35.9KPart-time employment change: K vs prior +5.8KParticipation rate: % vs prior 65.0%Average hourly wages
Why it matters
USD/CAD (US Dollar / Canadian Dollar) · Why linked: Canadian employment data is a direct driver of CAD and rate path expectations Market context: A much larger-than-expected job loss and rising unemployment rate weaken CAD against USD.
SPY (SPDR S&P 500 ETF) · Why linked: Canadian data influences broader risk sentiment and US-index futures Market context: Risk-off impulse from weaker Canadian growth may weigh on US equities.
How SPY usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 19 | +0.70% | 63% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy