Canadian unemployment falls to 6.5%, beats 6.6% forecast

Canada adds 18.2K jobs in June; unemployment falls to 6.5%

Canada's employment grew 18.2K in June, down sharply from 87.8K prior, with unemployment improving to 6.5% from 6.6%. Full-time jobs added only 0.6K versus 154.0K previously, while part-time surged 17.5K. Wage growth for permanent employees accelerated to 3.7% year-on-year. Weaker jobs data may ease Bank of Canada rate-cut pressure, supporting CAD near term.

https://x.com/LiveSquawk/status/2075558366433415369

Canada June unemployment 6.5%, beats 6.6% forecast

Canada's June unemployment rate came in at 6.5%, better than the 6.6% consensus estimate. This stronger-than-expected labor data suggests resilience in the Canadian job market and reduces near-term recession concerns, supporting the Canadian dollar against major peers.

https://x.com/FirstSquawk/status/2075558881166762236

Canada unemployment falls to 6.5% in June, beats forecast

Canada's unemployment rate declined to 6.5% in June, beating the consensus estimate of 6.6%. The better-than-expected labour market data strengthens the Canadian economic outlook and reduces pressure for aggressive Bank of Canada rate cuts, supporting USD/CAD downside and CAD strength.

https://x.com/FirstSquawk/status/2075558821871894989