The BoC Summary of Deliberations is a comprehensive report that provides an overview of the Bank’s assessment of the Canadian economy, its monetary policy decisions, and forward guidance for future actions
The Canadian CPI Trimmed-Mean is calculated by removing a certain percentage of the most extreme price movements from the CPI basket
Canadian Employment Change refers to the net change in the number of employed individuals in Canada over a given period
The Canadian unemployment rate refers to the percentage of the labor force that is unemployed and actively seeking employment in Canada
Average Hourly Wages refer to the average amount of money paid to employees per hour worked. It is a crucial economic indicator that reflects the earning potential and purchasing power of individuals within a country
The Participation Rate is a measure of the proportion of the working-age population that is either employed or actively seeking employment
The Canadian Part-Time Employment Change refers to the net change in the number of part-time jobs during a specific period, typically reported on a monthly basis
The Canadian Full Time Employment Change is a monthly economic release that measures the net change in the number of people employed in full-time positions in Canada
The BOC interest rate decision is based on a thorough analysis of various economic indicators and aims to achieve the BOC’s monetary policy objectives, which include maintaining price stability and promoting sustainable economic growth
The Canadian S&P Global Manufacturing PMI is particularly valuable to traders as it not only provides a snapshot of the manufacturing sector but also serves as an early indicator of the overall economic health of Canada
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