Canadian July Employment Data Below Expectations, Increased Likelihood of September Interest Rate Cut

BlockBeats News, August 8th. In Canada, the July employment change was -40.8K people, expected 13.5K people, and the previous value was 83.1K people. After the data was released, the Canadian futures market indicated a 38% probability of a rate cut by the Bank of Canada in September, up from 33% before the employment data was announced.