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Canada August employment change -65.5K vs +10.0K expected

  • Prior was -40.8K
  • Unemployment rate 7.1% vs 7.0% prior
  • Full time jobs -6.0K
  • Part time jobs -59.7K
  • Participation rate 65.1%
  • Avg hourly wages for permanent workers +3.6%

This is the worst reading since January 2022. We’re now pricing in a 90% chance of a BOC cut in September from 75% beforehand.

This article was written by Adam Button at investinglive.com.

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