Loading page content
Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Part Time Employment Chg fell to -66.2K in May 2026
Statistics CanadaMonthlyReleased June 2026
Canada Part Time Employment Chg fell to -66.2K in May 2026, released June 2026, down 95.2K from April's 29K reading. The reading missed the -23K consensus by 43.2K. The print is running well below the 12-month average of -6.54K. Over the past 3 months, Part Time Employment Chg averaged 22.9K, vs -55.85K in the prior 3-month window. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
-66.2
Actual
-23
Consensus
29
Previous
Median Absolute Error
±49.5 thousand
across last 12 releases
Last Call
Jun 2026
Predicted: -23
Actual: -66.2
Error: +43.2
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 | −0.46 | FOREX | Bearish USD | → View |
| XAU/USD | ▼ Inverse | −0.36 | COMMODITIES | Bearish XAU | → View |
| AUD/CAD | ▼ Inverse | −0.33 | FOREX | Bearish AUD | → View |
| S&P/TSX Composite | ▼ Inverse | −0.33 | INDEX | Bearish S&P | → 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 -66 thousand in June 2026. This missed the market consensus of -23 thousand by 43 thousand. The reading fell from the previous value of 29 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -13 thousand, ranging from -70 thousand to 70 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 -37 thousand, down from the prior three at -8 thousand. Volatility over the past year (σ 52 thousand) is higher than the prior year (σ 41 thousand). In June readings over the past 3 years, Part Time Employment Chg has averaged -18 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bearish USD). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 50 thousand.
WHAT TO WATCH NEXT
The next release is scheduled for July 10, 2026. Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
Part Time Employment Chg - CA
Loading chart data...
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 (May 2026): actual -66.2 K, consensus -23 K. Prior reading (Apr 2026): 29 K. Before that (Mar 2026): 15.2 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CAD (Bearish USD, r=-0.46) — a useful reference for forex-focused traders.