Early Cracks in Canada’s Labour Market Won’t Prevent a July Rate Hike

<p>All eyes will be on next week’s labour market data as the Bank of Canada weighs whether raise interest rates again in July. Though Canadian labour markets remain exceptionally tight, job openings have been trending lower, down 21% from peak levels as of April. And May’s unemployment rate inched up—the first increase since August 2022. […]</p>
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