Employment was little changed in July (-6,000; -0.0%). The unemployment rate increased 0.1 percentage points to 5.5%, marking the third consecutive monthly increase. Employment fell among core-aged men aged 25 to 54 years old (-27,000; -0.4%) and increased among male youth aged 15 to 24 (+13,000; +0.9%). There was little variation in employment among young and core-aged women, and among men and women aged 55 and older. There were fewer people employed in construction (-45,000; -2.8%), public administration (-17,000; -1.4%), information, culture and recreation (-16,000; -1.8%) as well as in transportation and ... (full story)

The data published by Statistics Canada revealed on Friday that the Unemployment Rate rose to 5.5% in July. This reading came in line with market expectation. The Participation Rate decreased from 65.7% to 65.6%. Further details of the publication revealed that the Net Change in Employment was negative by 6,400, worse than analysts' estimate of a 21,100 positive change and follows a 59,900 increase in June. The annual wage inflation arrive at 5% in July. Later on Friday, more Canadian data is due with the Ivey Purchasing Managers Index, expected to rise from 50.2 to 52.7 in July. Key takeaways from the report: • ... (full story)