Canada Unemployment Rate expected to increase for fourth straight month ...Middle East

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Canada Unemployment Rate expected to increase for fourth straight month
Share: The Unemployment Rate in Canada is set to rise a tad to 5.6%, while employment is also expected to grow. Strong jobs data and hot wage inflation are critical to rescuing the Canadian Dollar. Weak jobs data will ramp up dovish Bank of Canada expectations after Wednesday’s pause.   Statistics Canada is set to publish the Canadian Labor Force Survey report at 12:30 GMT on Friday. Markets are likely to see a continued slack in the Canadian labor market, justifying the Bank of Canada’s (BoC) steady interest rate decision announced on Wednesday. Having lifted rates by 25 basis points (bps) in June and July, the Ba

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