Employment Data Is the Worst in Three Years, and Economists Predict that the Possibility of a Central Bank Rate Cut Will Increase | Canadian Employment, July, Bank of Canada

大纪元 Epoch Times

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Money markets are pricing in a slightly higher chance of a Bank of Canada interest rate cut at its upcoming policy meeting after unexpectedly soft Canadian employment data.

El Economista

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The Canadian economy lost tens of thousands of jobs in July, sending the proportion of people employed to a minimum of eight months, as the labor market gave up the profits observed in the previous month.The economy lost 40,800 jobs in July, compared to a net addition of 83,000 jobs in June, raising the employment rate, or the percentage of people employed over the total working-age population, to 60.7%, Statistics said.However, the unemployment…