📌 6:30pm (CAD) – Employment Change & Unemployment Rate
These are two of Canada’s most important labour market indicators.
1️⃣ Employment Change (High-Impact – Red Folder)
Shows how many new jobs were created in Canada.
If the number is higher than expected → Strong economy → CAD becomes stronger.
If the number is lower than expected or negative → Weak economy → CAD falls.
2️⃣ Unemployment Rate (High-Impact – Red Folder)
Shows how many people are jobless.
If unemployment decreases → Positive for the economy → CAD goes up.
If unemployment increases → Negative news → CAD goes down.
📉 Effect on Crypto Market
Canada’s employment data does not directly affect crypto, but it creates volatility.
When CAD news drops, the forex market reacts and the USD Index (DXY) moves.
Movement in the USD Index indirectly affects Bitcoin.
If CAD is strong after the news, USD becomes slightly weaker.
A weaker USD can bring bullish momentum to crypto.
If the news is bad and CAD becomes weak → USD gets stronger.
A stronger USD usually creates short-term bearish pressure on crypto.
Bitcoin often moves opposite to the USD Index.
Impact is not huge, but 10–15 minutes of volatility is common.
The biggest movement happens in forex pairs like USDCAD.
Crypto scalpers may face sudden spikes.
If BTC is near a breakout level, this volatility can trigger a break or fakeout.
In a stable market, the impact is small.
High-leverage traders should be careful around 6
