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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Part Time Employment Chg climbed to 17.5K in June 2026
Statistics CanadaMonthlyReleased July 2026
Canada Part Time Employment Chg climbed to 17.5K in June 2026, released July 2026, up 83.7K from May's -66.2K reading. The reading missed the 25K consensus by 7.5K. The print is running well above the 12-month average of -10.04K. Over the past 3 months, Part Time Employment Chg averaged -18.6K, vs -10K in the prior 3-month window. The reading is in the 59th percentile of the trailing 24-month range.
Latest Release
17.5
Actual
25
Consensus
-66.2
Previous
Median Absolute Error
±49.5 thousand
across last 12 releases
Last Call
Jul 2026
Predicted: 3.4
Actual: 17.5
Error: -14.1
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.46 | COMMODITIES | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.44 | FOREX | Moves against | → View |
| AUD/CAD | ▼ Inverse | −0.34 | FOREX | Moves against | → View |
| S&P/TSX Composite | ▼ Inverse | −0.32 | INDEX | Moves against | → 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 18 thousand in July 2026. This missed the market consensus of 25 thousand by 8 thousand. The reading rose from the previous value of -66 thousand. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -19 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 -8 thousand, up from the prior three at -16 thousand. Volatility over the past year (σ 45 thousand) is comparable than the prior year (σ 45 thousand). In July readings over the past 3 years, Part Time Employment Chg has averaged 30 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/CAD, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 50 thousand.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jul 23) and Retail Sales Ex Autos MoM (Jul 23).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 17.5 K, consensus 25 K. Prior reading (May 2026): -66.2 K. Before that (Apr 2026): 29 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.46) — a useful reference for commodities-focused traders.
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Economic Calendar - CA Events
| Monday, July 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.1 | 0.6 | 0.1 | 0.08 | Low |
| 12:30 | CA | Inflation Rate YoY | 2.8 | 3.2 | 2.9 | 2.85 | High |
| 12:30 | CA | Core Inflation Rate YoY | 2.1 | 2.2 | 2.2 | 2.20 | Medium |
| 12:30 | CA | Inflation Rate MoM | -0.4 | 1 | -0.2 | -0.28 | Medium |
| 12:30 | CA | CPI YoY | 1.8 | 2 | 2 | 1.95 | Low |
| Thursday, July 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CA | New Housing Price Index MoM | -0.3 | -0.2 | -0.40 | Medium | |
| 12:30 | CA | Retail Sales MoM | 1 | 0.5 | 0.50 | Medium | |