Statistics Canada set to release job numbers for June – National | 24CA News

Statistics Canada is ready to launch employment figures for June Friday morning.

The job report would be the final main financial information launch earlier than the Bank of Canada pronounces its rate of interest choice on Wednesday.

In May, the unemployment fee ticked up for the primary time in 9 months, rising to five.2 per cent.

The Bank of Canada is hoping to see extra softening within the labour market because it stays centered on bringing inflation down.

RBC says it expects the financial system added 20,000 jobs in June.

But with inhabitants progress surging, it’s additionally forecasting the unemployment fee rose to five.3 per cent.