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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Full Time Employment Chg climbed to 38.6K in July 2026
Statistics CanadaMonthlyReleased August 2026
Canada Full Time Employment Chg climbed to 38.6K in July 2026, released August 2026, up 38K from June's 0.6K reading. The print exceeded the 21K consensus by 17.6K. The print is running well above the 12-month average of 12.23K. Over the past 3 months, Full Time Employment Chg averaged 77.3K, vs -52.07K in the prior 3-month window. The reading is in the 63rd percentile of the trailing 24-month range.
Latest Release
38.6
Actual
21
Consensus
0.6
Previous
Median Absolute Error
±41.04 thousand
across last 12 releases
Last Call
Aug 2026
Predicted: 54.65
Actual: 38.6
Error: +16.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| AUD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.26 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Full Time Employment Chg (Canada) was reported at 39 thousand in August 2026. This beat the market consensus of 21 thousand by 18 thousand. The reading rose from the previous value of 1 thousand. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 30 thousand, ranging from -108 thousand to 154 thousand across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 64 thousand, up from the prior three at -4 thousand. Volatility over the past year (σ 71 thousand) is higher than the prior year (σ 50 thousand). In August readings over the past 3 years, Full Time Employment Chg has averaged 16 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with AUD/CAD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 41 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for September 4, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Aug 17) and Core Inflation Rate YoY (Aug 17).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Full Time Employment Chg - CA
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About Full Time Employment Chg — Canada
DEFINITION
Full Time Employment Chg is a financial indicator that measures the change in the number of individuals who are employed full-time within a given period. This indicator provides valuable insights into the strength of the job market and the overall health of the economy. A positive change in full-time employment indicates a growing economy, while a negative change may suggest a weakening job market. It is often used by investors, policymakers, and analysts to assess the current state and future outlook of the labor market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 38.6 K, consensus 21 K. Prior reading (Jun 2026): 0.6 K. Before that (May 2026): 154 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.61) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CA Events
| Wednesday, August 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Building Permits MoM | -1.7 | 1 | 1.00 | Low | |