Canada’s Labour Market Strengthens in July Amid Tariff Risks
Canada added 75k jobs in July, with the unemployment rate declining, but tariff risks persist, according to RBC's Nathan Janzen.
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Canada’s labour market showed robust improvement in July, according to a report by Royal Bank of Canada’s Nathan Janzen. Employment rose by 75,000, building on strong gains in May and June, while the unemployment rate ticked lower.
This positive momentum, however, is clouded by ongoing tariff risks that could weigh on the economic outlook. The report highlights the delicate balance between domestic strength and external threats.
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Source: FXStreet Forex News