Although the unemployment rate rose and wage growth slowed in June, the construction-driven 32,000 increase in employment will soothe concerns about the housing market. Even with exports falling in May, the Bank of Canada is still slightly more likely than not to raise interest rates again next week.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services