Canada Employment Preview: Banks expect to see early cracks in the labour market

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Canada Employment Preview: Banks expect to see early cracks in the labour market Canada Employment USDCAD BOC Banks

are forecasts from economists and researchers at five major banks regarding the upcoming jobs figures. expected to rise a tick to 5.3%. Meanwhile, the Participation Rate is expected to have remained stable at 65.5%.We look for employment to rise by 25K, leaving the UE rate stable at 5.2%. Services should drive hiring, while wage growth is expected to fall 0.6pp to 4.5% YoY.We still look for a 20K increase in employment in June.

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