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June Jobs Preview - 08:30 EDT...........>

CANADA DATA
CANADA DATA: June Jobs Preview - 08:30 EDT
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- MNI forecast June unemployment rate 5.5% vs record low 5.4% in May and 5.7% in
April. 
- MNI forecast total employment +5K vs +27.7K in May and record +106.6K in
April. 
- Unemployment estimates range from 5.4% to 5.6% while employment between -10K
and +20K. - May unemployment rate fell because of more hiring and lower
participation... - ...suggests some give-back in the jobless rate won't be a
major surprise. 
- Job market will remain strong even if employment drops, as it gained +2.5% YoY
in May. - Investors should look for wage pressure for insight into BoC's July 10
rate decision; average hourly wages rose +2.8% YoY in May.

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