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Economy·Canada

Will Canada have the highest unemployment rate since 2016 this year?

icon for Will Canada have the highest unemployment rate since 2016 this year?
Economy·Canada

Will Canada have the highest unemployment rate since 2016 this year?

5% chance
Polymarket
NEW
5% chance
Polymarket
NEW
This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No". The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm. Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.Canada's unemployment rate fell to 6.6% in May 2026 from 6.9% the prior month, supported by 87,800 net job gains that outpaced labor force growth and reflected resilience amid U.S. tariffs, elevated energy costs, and prior Bank of Canada rate hikes. This reading sits below the 7.1% peak from late 2025 and aligns with forecasts near 7% for the remainder of the year, well under levels that would mark a new high since 2016. Strong employment gains in full-time roles and stable participation rates have reinforced trader consensus around the "No" outcome at 95% implied probability. A sharp deterioration in hiring or renewed economic shocks could still push rates higher before year-end.

This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No".

The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm.

Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data.

If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.
Volume
$7,014
End Date
Feb 15, 2027
Market Opened
Jan 29, 2026, 4:17 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No". The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm. Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.
This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No". The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm. Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.Canada's unemployment rate fell to 6.6% in May 2026 from 6.9% the prior month, supported by 87,800 net job gains that outpaced labor force growth and reflected resilience amid U.S. tariffs, elevated energy costs, and prior Bank of Canada rate hikes. This reading sits below the 7.1% peak from late 2025 and aligns with forecasts near 7% for the remainder of the year, well under levels that would mark a new high since 2016. Strong employment gains in full-time roles and stable participation rates have reinforced trader consensus around the "No" outcome at 95% implied probability. A sharp deterioration in hiring or renewed economic shocks could still push rates higher before year-end.

This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No".

The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm.

Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data.

If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.
Volume
$7,014
End Date
Feb 15, 2027
Market Opened
Jan 29, 2026, 4:17 PM ET

Resolver

0x65070BE91...
This market will resolve to "Yes" if the seasonally adjusted unemployment rate (15 years and over, total) reported by Statistics Canada in the Labour Force Survey for any month of 2026 is higher than that of any other month since January 2017 (inclusive). Otherwise, this market will resolve to "No". The resolution source for this market is the Labor Force Survey, published by Statistics Canada every month at https://www150.statcan.gc.ca/n1/dai-quo/cal1-eng.htm. Any revisions to the data after the first qualifying release will not count toward this market's resolution; only the initial figure released for each month will qualify. This market will resolve immediately upon a qualifying release of data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month.

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Frequently Asked Questions

"Will Canada have the highest unemployment rate since 2016 this year?" is a prediction market on Polymarket where traders buy and sell "Yes" or "No" shares based on whether they believe this event will happen. The current crowd-sourced probability is 5% for "Yes." For example, if "Yes" is priced at 5¢, the market collectively assigns a 5% chance that this event will occur. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

"Will Canada have the highest unemployment rate since 2016 this year?" is a newly created market on Polymarket, launched on Jan 29, 2026. As an early market, this is your opportunity to be among the first traders to set the odds and establish the market's initial price signals. You can also bookmark this page to track volume and trading activity as the market gains traction over time.

To trade on "Will Canada have the highest unemployment rate since 2016 this year?," simply choose whether you believe the answer is "Yes" or "No." Each side has a current price that reflects the market's implied probability. Enter your amount and click "Trade." If you buy "Yes" shares and the outcome resolves as "Yes," each share pays out $1. If it resolves as "No," your "Yes" shares pay $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current probability for "Will Canada have the highest unemployment rate since 2016 this year?" is 5% for "Yes." This means the Polymarket crowd currently believes there is a 5% chance that this event will occur. These odds update in real-time based on actual trades, providing a continuously updated signal of what the market expects to happen.

The resolution rules for "Will Canada have the highest unemployment rate since 2016 this year?" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.