Statistics Canada is scheduled to release its July labour force survey this morning, providing the latest gauge of the Canadian employment market.
A Reuters poll of economists forecasts that the country added 15,000 jobs in July, a slight moderation from the 18,200 positions created in June.
The consensus view also indicates that the unemployment rate is expected to remain unchanged, holding steady at its recent level.
The release comes as investors monitor the trajectory of the Canadian labour market for signs of resilience or softening.
The previous month’s data showed a tangible improvement, with the unemployment rate declining to 6.5%, defying earlier expectations of stagnation.
That drop marked a meaningful shift from recent trends, suggesting underlying strength in hiring despite broader economic headwinds.