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Here comes Canada's jobs report...

Elena HolodnyAug 26, 2024, 06:46 IST

Fred Thornhill/ReutersGeneral Motors auto workers load the new Chevrolet Camaro for delivery, at the company's Oshawa Ontario facility April 8, 2009.The latest read on the health of the Canadian labor market will be out at 8:30 a.m. ET.

Economists forecast that the economy added 15,000 jobs in May, according to the Bloomberg consensus. The unemployment rate is expected to tick up to 6.6%.

Last month, Canada added 3,200 jobs, below expectations of 10,000. The unemployment rate was 6.5%.

But crucially, full-time employment fell by 31,200 last month. And employment for men aged 25 to 54 fell by 20,000.

The Canadian dollar was little changed at 1.3512 per US dollar at 8:01 a.m. ET.

Refresh this page for updates at 8:30 a.m. ET.

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