Canada: Job growth likely to show growth of 20k in July - TDS

Analysts at TD Securities are looking for the Canadian Labour Force Survey to show job growth of 20kin July, slightly above the market consensus for 17k.

Key Quotes

“Job growth is likely to be led by private employment, which has declined for the last two months, and full time positions which should lend an upbeat tone to the report.”

“We also look for the unemployment rate to edge lower to 5.9% while wage growth should hold steady at 3.6% y/y, both in line with consensus.”