Canada: Economy to add 20k jobs in July – TDS

Analysts at TD Securities (TDS) provide a brief preview of what to expect from today’s Canadian employment data due on the cards at 1230 GMT.

Key Quotes:

“We look for the economy to add 20k jobs in July on a rebound in private sector employment. Full-time employment should lead job growth while a moderation in labor force growth will allow the unemployment rate to edge lower to 5.9%. 

Wage growth is likely to edge push higher to 3.6% y/y.”