This effect Canadian concurrency going up / Buy .
Canada Preview: July Hiring Expected to Underperform
Canadian employers are expected to have hired only 5,000 new employees in July, when Statistics Canada releases the Labour Force Survey Friday. The unemployment rate is expected to edge back up to 7.3% after dropping to 7.2% in June. The addition of 5,000 jobs for July is the median estimate in a survey of analysts by MNI, in which projections ranged from -10,000 to 15,000 new positions. The past two months have each reported jobs gains close to 7,000 positions, following large gains in March and April. David Madani, economist with Capital Economics Ltd., told MNI he is expecting 5,000 jobs to have been added. He ... (full story)