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Canada Employment Preview: Modest Gains Seen, Fort McMurray Impact Muted

From wbponline.com

Ottawa - Canada's economy likely added 5,000 new jobs in May, which will not be enough to move the unemployment rate lower, the median of market estimates says. The impact of Alberta's wildfires is not included in these estimates. The monthly labor market report is known for its volatility and, if the evacuation of Fort McMurray, which was triggered by the blaze, is taken into account, then jobs losses could be in the tens of thousands. Any surprises in the report usually have a strong impact on the Canadian dollar, which has retreated from its one-month high versus the US peer on Thursday. The latest employment ... (full story)

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