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Canada Labor Productivity QoQ

Latest Release

Sep 05, 2024

Actual

-0.2%

Forecast

-0.1%

-0.3%

Labor Productivity measures the change in labor efficiency of Canadian workers when producing goods and services. Productivity and labor-related inflation are directly linked, a drop in a worker's productivity is equivalent to a rise in their wage. When businesses pay more for labor the higher costs are usually passed on to the consumer.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Importance:

Country:

Currency: CAD

Source: Statistics Canada

Release Date	Time	Actual	Forecast	Previous
Dec 04, 2024 (Q3)	08:30			-0.2%
Sep 05, 2024 (Q2)	07:30	-0.2%	-0.1%	-0.3%
Jun 05, 2024 (Q1)	07:30	-0.3%	-0.2%	0.2%
Mar 06, 2024 (Q4)	08:30	0.4%	0.2%	-0.5%
Dec 06, 2023 (Q3)	08:30	-0.8%	-0.6%	-0.1%
Sep 06, 2023 (Q2)	07:30	-0.6%	-0.1%	-0.8%

News

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Analysis

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