Canada: Employment report provided a mixed bag of indicators – CIBC – by MSalordFX Canada Employment Banks
growth was brisk in June, however, they warn that rapid population growth and a rise in participation meant that the“This morning's data release was no slam dunk for the Bank of Canada, with a rise in the unemployment rate and slowing wage growth suggesting that labour market conditions are loosening.
“We still think that the rate of 5.0% reached at the time of the next hike will prove to be the peak, as evidence that the economy is slowing appears to be mounting.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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