Jobs · CADUsual scheduleLive week from the calendar

Canadian employment: release time and what it moves

Statistics Canada. Usually a Friday early in the month, often the same day as Non-Farm Payrolls, usually at 8:30 AM New York time. What it is, what traders watch and how the WhitePips rules treat trading around it.

  • Monthlyhow often
  • 8:30 AMNew York time
  • Redusual calendar rating

Canada jobs on this week's calendar

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Times in your own time zone and in New York; releases already out are dimmed. Red is high impact, Amber medium; the ratings are the calendar feed's.

JobsCAD

What Canada jobs is

Canadian employment

Statistics Canada's Labour Force Survey counts the jobs Canada added or lost in the month and the unemployment rate. It feeds straight into what the Bank of Canada does next.

It often comes out at 8:30 AM on the same day as the US Non-Farm Payrolls report, so USDCAD can take two big numbers at once and move hard in either direction.

When it comes out

Published by
Statistics Canada, Labour Force Survey
How often
Monthly
Usual day
Usually a Friday early in the month, often the same day as Non-Farm Payrolls
Usual time
8:30 AM New York; 12:30 UTC while the US is on daylight time (March to November), 13:30 UTC in winter
On the calendar as
Employment Change, Unemployment Rate
Usual rating
Red

What traders watch

Employment change against the forecast

The headline surprise.

The unemployment rate

The trend the Bank of Canada watches.

Against US payrolls

When both come out together, USDCAD trades the difference between them.

On MetaTrader 5Pip value, lots and commission

Symbols Canada jobs moves

The WhitePips symbols that usually react most to Canada jobs. Each page has the pip or point value, a lot-size example and the commission on every plan.

USDCADUS dollar / Canadian dollarCADJPYCanadian dollar / Japanese yenEURCADEuro / Canadian dollarAUDCADAustralian dollar / Canadian dollarGBPCADBritish pound / Canadian dollar
Trading Rules, section 11In the rules' own words

Trading Canada jobs at WhitePips

CFD plans Every plan, every stage

News trading is permitted on every CFD plan. You may open, hold and close positions before, during and after economic releases on every CFD plan, in the evaluation and once funded. There is no restricted window around a release on a CFD account, and no profit is removed because a trade was placed around news.

News straddling is not permitted. On every CFD plan, you may not open straddled, offsetting or hedged exposure on the same or correlated instruments within 15 minutes before or after a scheduled Red or Amber (high or medium impact) economic event, a company earnings release, or a major geopolitical announcement, where the purpose is to capture the volatility of the event rather than to take a view on its outcome. Placing a buy and a sell (or a buy stop and a sell stop) on the same instrument, or opposite positions on correlated instruments such as EURUSD and USDCHF, so that whichever way the price jumps one side profits, is straddling. A single position, or positions in one direction, taken on your own view of the release is not.

Trading Rules, sections 11.1 and 11.2. Each straddle is detected and referred to the risk desk, never penalised automatically.

Futures plans One Step funded, Instant

Futures plans. On the futures plans news trading is permitted during the One Step evaluation. On a funded futures account (One Step funded and Instant) no trade may be opened or closed from two minutes before to two minutes after a high-impact release; a position opened before the window may be held through it. Profit from such a trade is removed and the loss stays. The first and second violations are warnings, and the third is referred for compliance review. A news trading violation never ends an account automatically. The releases are those marked as high impact in the economic calendar shown in the dashboard or notified to you.

Trading Rules, section 11.4.

CFD plans: no straddling8:15 AM to 8:45 AM New YorkFunded futures: no trade opened or closed8:28 AM to 8:32 AMCanada jobs 8:30 AM
−20 min−15−2+2+15+20 min
A single position taken on your own view, before or after the release, is fine on every CFD plan. On a funded futures account a position opened before the two-minute window may be held through it.

Section 11 of the Trading Rules News trading, explained

QuestionsShort answers

Canada jobs: questions

What time is Canada jobs released?

Usually at 8:30 AM New York time: 12:30 UTC while the US is on daylight time (March to November), 13:30 UTC in winter. Usually a Friday early in the month, often the same day as Non-Farm Payrolls.

How often is Canada jobs released?

Monthly. Usually a Friday early in the month, often the same day as Non-Farm Payrolls. The exact dates are set by the Statistics Canada; the dashboard's economic calendar shows the coming week.

Can I trade Canada jobs on a WhitePips account?

On every CFD plan, yes: news trading is allowed in the evaluation and once funded. What is not allowed is straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike; the risk desk reviews it. On a funded futures account, no trade may be opened or closed from two minutes before to two minutes after a high-impact release.

Which markets move most on Canada jobs?

On the WhitePips platforms: USDCAD, CADJPY, EURCAD, AUDCAD, GBPCAD.

Why does USDCAD move so much on the first Friday?

Canadian and US jobs reports often come out at the same minute, 8:30 AM New York. A strong Canadian report with a weak US one, or the reverse, moves the pair from both sides.

CFDs and futuresNo time limit

Put the numbers to work

Every plan, size and price, with the rules printed before you buy. News trading is allowed on every CFD plan.

See the plansTrading calculator