Next Friday, the official employment report for July is due in Canada. Analysts at RBC Capital Markets expect a positive change in employment of 400K, below market consensus of 653K. Key Quotes: “Canadian labour markets probably continued to look a little better in July. Though the 400k increase in employment we expect would still leave the job count down about 1.4 million compared to February levels, even after the 1.2 million jobs added over May and June. Labour force participation likely also continued to rebound but we still expect job growth to be enough to push the unemployment rate down to (a still elevated) 11% from 12.3% in June.” “Statistics Canada’s preliminary estimate is that Canadian GDP declined an unprecedented 40% at an annualized rate in the second quarter. But things looked less bad towards the end of the quarter with output up in both May and June – and our own tracking suggesting if anything some upside risk to the 5% increase in GDP the statistics agency pencilled in for June.” “Consumer confidence is still subdued but ticked higher in July, and early indicators from card-spending data suggest that household spending has largely held onto earlier gains to-date.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NFP: 1.1 million jobs could have been added in July – CIBC FX Street 3 years Next Friday, the official employment report for July is due in Canada. Analysts at RBC Capital Markets expect a positive change in employment of 400K, below market consensus of 653K. Key Quotes: “Canadian labour markets probably continued to look a little better in July. Though the 400k increase in employment we expect would still leave the job count down about 1.4 million compared to February levels, even after the 1.2 million jobs added over May and June. Labour force participation likely also continued to rebound but we still expect job growth to be enough to push the unemployment rate down… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.