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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Labor Productivity climbed to 0.2% in May 2013
FMPMonthlyReleased June 2013
Canada Labor Productivity climbed to 0.2% in May 2013, released June 2013, up 0.1% from April's 0.1% reading.
Latest Release
0.200000
Actual
—
Consensus
0.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Labor Productivity (Canada) was reported at 0.2% in June 2013. The reading rose from the previous value of 0.1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 9) and BoC Interest Rate Decision (Jun 10).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Labor Productivity - CA
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About Labor Productivity — Canada
DEFINITION
Labor productivity is a key financial indicator that measures the efficiency and output of a company's workforce. It is calculated by dividing the total output of goods or services by the total number of labor hours worked. A high labor productivity indicates that a company is utilizing its resources effectively and efficiently, resulting in increased profitability and competitiveness. This indicator is closely monitored by businesses and investors as it provides valuable insights into the overall health and performance of a company.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2013): actual 0.2 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.