Canada: Economy to add 20k jobs in July – TDS

Dhwani Mehta FXStreet

Analysts at TD Securities (TDS) provide a brief preview of what to expect from today’s Canadian employment data due on the cards at 1230 GMT.

Key Quotes:

“We look for the economy to add 20k jobs in July on a rebound in private sector employment. Full-time employment should lead job growth while a moderation in labor force growth will allow the unemployment rate to edge lower to 5.9%.

Wage growth is likely to edge push higher to 3.6% y/y.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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