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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Part Time Employment Chg fell to -5.8K in August 2026
Statistics CanadaMonthlyReleased September 2026
Canada Part Time Employment Chg fell to -5.8K in August 2026, released September 2026, down 42.4K from July's 36.6K reading. The reading missed the 6K consensus by 11.8K. The print is running well above the 12-month average of -7.26K. Over the past 3 months, Part Time Employment Chg averaged 27.05K, vs 0.62K in the prior 3-month window. The reading is in the 41st percentile of the trailing 24-month range.
Latest Release
-5.8
Actual
6
Consensus
36.6
Previous
Median Absolute Error
±50.54 thousand
across last 12 releases
Last Call
Sep 2026
Predicted: 12.28
Actual: -5.8
Error: +18.07
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 |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| S&P/TSX Composite | ▼ Inverse | −0.28 | INDEX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.28 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Part Time Employment Chg (Canada) was reported at -6 thousand in September 2026. This missed the market consensus of 6 thousand by 12 thousand. The reading fell from the previous value of 37 thousand. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -10 thousand, ranging from -70 thousand to 63 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 16 thousand, up from the prior three at -37 thousand. Volatility over the past year (σ 45 thousand) is higher than the prior year (σ 41 thousand). In September readings over the past 3 years, Part Time Employment Chg has averaged 0 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 51 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for October 9, 2026. Same-country events in the next 14 days include Housing Starts (Sep 16) and New Housing Price Index MoM (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Part Time Employment Chg - CA
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About Part Time Employment Chg — Canada
DEFINITION
Part Time Employment Chg is a financial indicator that measures the change in the number of individuals employed in part-time positions. This data is often used to assess the overall health of the job market and can provide insights into shifts in employment trends and economic conditions. It is a valuable tool for businesses, investors, and policymakers to make informed decisions and projections.
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 (Aug 2026): actual -5.8 K, consensus 6 K. Prior reading (Jul 2026): 36.6 K. Before that (Jun 2026): 17.5 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 USD/CAD (Bearish USD, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - CA Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.1 | 0.2 | 0.2 | 0.15 | Low |
| 12:30 | CA | Common CPI YoY | 2.6 | 2.7 | 2.7 | 2.65 | High |
| 12:30 | CA | Median CPI YoY | 2 | 2 | 2 | 2.00 | High |
| 12:30 | CA | Inflation Rate MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | CA | Trimmed CPI YoY | 1.9 | 1.9 | 1.9 | 1.90 | High |
| 12:30 | CA | Capacity Utilization | 80.7 | 82.2 | 82.4 | 81.55 | Low |
| 12:30 | CA | Inflation Rate YoY | 3 | 3 | 3 | 3.00 | High |
| 12:30 | CA | Core Inflation Rate YoY | 2.4 | 2.3 | 2.3 | 2.35 | Medium |
| 12:30 | CA | CPI YoY | 3 | 3 | 3 | 3.00 | Low |
| 12:30 | CA | Manufacturing Sales MoM | -0.4 | 0.1 | -0.2 | -0.32 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | New Motor Vehicle Sales | 190.2 | 190.1 | 190.10 | Low | |
| 12:30 | CA | Wholesale Sales MoM | -0.6 | 2.8 | -0.6 | -0.47 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:15 | CA | Housing Starts | 229.1 | 237.5 | 240.65 | Medium | |
| 12:30 | CA | Building Permits MoM | 18.5 | -5.8 | -5.80 | Low | |