Canada Family Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

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What Does It Measure?

Family Day is a public holiday observed in several provinces of Canada that measures the societal commitment to family life and wellness. It highlights the importance of work-life balance and often correlates with increased consumer spending in areas such as retail and leisure activities.

Frequency

Family Day occurs annually, celebrated on the third Monday of February in several provinces, and is a fixed holiday with no preliminary or final reports associated with it.

Why Do Traders Care?

Although it is primarily a social observance, Family Day can influence consumer spending patterns, which in turn affects retail stocks and economic forecasts. Increased activity in sectors like retail and hospitality during this holiday can yield insights into consumer confidence and economic health.

What Is It Derived From?

Family Day is derived from various historical discussions and movements advocating for the recognition of family values, leading to its establishment as a statutory holiday in certain provinces. It is not based on surveys or estimates but reflects societal norms and values about family life.

Description

Family Day serves as a reminder of the importance of family and community bonding, promoting leisure and recreational activities that strengthen those ties. While it does not produce direct economic indicators, its impact on consumer behavior during the holiday can be noted through increased sales figures reported from various sectors.

Additional Notes

Family Day can be seen as a coincident economic measure, as it tends to coincide with increased retail activity, reflecting broader economic trends around consumer spending. The observance is often compared to other holidays that emphasize family time, such as Thanksgiving, with similar effects on local economies.

Bullish or Bearish for Currency and Stocks

While specific numerical forecasts are not applicable for Family Day, increased consumer spending during this holiday can be interpreted as a bullish signal for retail stocks, indicating stronger economic activity. However, there is no direct impact on currency values associated with this holiday, as it is more of a cultural observance rather than an economic indicator.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise