Canada adds 18,200 jobs in June as unemployment rate dips, setting stage for Bank of Canada rate decision

The post Canada: Labour market steadying with modest improvement – RBC appeared on BitcoinEthereumNews.com. Royal Bank of Canada (RBC) economist Nathan Janzen notes that Canadian labour markets showed further signs of stabilisation in June, following a stronger improvement in May. Employment rose modestly, while per-worker conditions improved and the unemployment rate edged down to 6.5%. Janzen highlights softer population growth, firmer economic data and lower U.S. tariff rates as supporting factors, and expects further unemployment declines later in 2026. Labour data supports gradual recovery view “Canadian labour markets showed further signs of steadying in June after a larger improvement in May.” “The employment increase itself in June (+18k) left the measure still down 6k on net for the year.” “But we continue to think that slower employment gains should be expected given a sharp slowing in Canadian population growth.” “Critically, controlling for changes in the demographic backdr

The post Canada Net Change in Employment came in at 18.2K, above forecasts (10K) in June appeared on BitcoinEthereumNews.com. EUR/USD struggles to gather bullish momentum on Friday and trades in a relatively tight range above 1.1400. In the absence of high-tier data releases, the uncertainty surrounding the US-Iran conflict causes investors to cling to a cautious stance and limits the pair’s upside. Later in the day, the Federal Reserve will publish its Semiannual Monetary Policy Report. Source: https://www.fxstreet.com/news/canada-net-change-in-employment-came-in-at-182k-above-forecasts-10k-in-june-202607101230

The post Canadian Dollar: Softer Canada jobs seen weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad describes USD/CAD trading just below 1.4200 and broadly aligned with US-Canada two-year yield spreads ahead of June labor data. Haddad expects a sharp slowdown in job gains to 10k and sees scope for markets to pare Bank of Canada hike pricing, arguing this adjustment would leave USD/CAD biased higher in coming sessions. Labor data risk skewed to upside “USD/CAD is directionless just under 1.4200.” “Canada’s June labor force survey is the domestic highlight (1:30pm London, 8:30am New York). The economy is expected to add +10.0k jobs in June vs. +87.8k in May and the unemployment rate is forecast to remain at 6.6% for a second straight month.” “USD/CAD is trading in line with US-Canada 2-year bond yield differentials. But there is room for Bank of Canada rate hikes bets (50bps in the next twelve months) to adjust lower, leaving

The post “The bar for a material hawkish turn is high”: ING says the Bank of Canada won’t surprise next week appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) is outperforming the US Dollar in the short term, pulling the USD/CAD pair down from recent multi-month highs. This corrective move comes at a crucial juncture, as global markets look ahead to the Bank of Canada’s (BoC) upcoming policy meeting. While technical indicators suggest that the Greenback’s premium over the Loonie is overextended relative to bond yields, fundamental analysts caution that domestic softness and looming trade risks will ultimately limit the Canadian Dollar’s scope for a sustained recovery. USD/CAD daily chart. Source: FXStreet. Tactically expensive premium leaves USD/CAD vulnerable to a deeper pullback Societe Generale points out that the US Dollar’s recent rally against the Canadian Dollar has become fundamentally detached from underlying fixed-income markets. After encountering a firm ceiling

The post Canadian Dollar: Jobs and BoC caution shape outlook – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole highlights that Canada’s June jobs report is expected to show a sharp slowdown in hiring and a pickup in wage growth. He argues the bar for a hawkish shift by the Bank of Canada (BoC) remains high, with benign inflation and USMCA-related risks limiting hike prospects. ING sees CAD supported near term but does not expect USD/CAD below 1.40 in coming months. Data and policy temper Loonie upside “Canada releases jobs data for June today. Expectations are for a marked slowdown in hiring to 10k after May’s big 88k, with unemployment staying at 6.6%. The focus will be on permanent employees’ hourly wages, which are expected to increase from 3.2% to 3.6%.” “We think the bar for a material hawkish turn by the Bank of Canada is high, and we don’t expect surprises at next week’s meeting. Unless oil rallies back to April-May levels, the inflation outlook remains too benig

The post Forex Today: US Dollar extends correction as US-Iran conflict remains under spotlight appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, July 10: The action in financial markets remain choppy heading into the weekend as participants refrain from committing to large positions due to the uncertainty surrounding the conflict between Iran and the United States (US). In the second half of the day, June labor market report from Canada will be the only data release that could trigger a market reaction. The US Dollar (USD) Index registered marginal losses on Thursday. In the absence of high-impact data releases, the risk-positive market atmosphere, as reflected by the bullish action seen in Wall Street’s main indexes, made it difficult for the USD to stay resilient against its peers. Early Friday, US stock index futures trade mixed, while the USD Index stays in the red at around 100.75. US Dollar Price This week The table below shows the percentage change of

The post [Canada unemployment expected to remain steady in June appeared on BitcoinEthereumNews.com. Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%. Despite the report’s tone, the Bank of Canada (BoC) should keep the bar pretty high for changing its policy direction. Indeed, the central bank is expected to keep its policy unchanged at its July 15 meeting, following five consecutive ‘on hold’ decisions since it last lowered rates in October 2025. The June meeting reinforced the view that the BoC is firmly in wait-and-see mode. That said, policymakers seem willing to look through temporary shocks as long as underlying price pressures remain contained, even as they continue to monitor inflation risks, especially from higher energy prices. With the economy still showing

The post NVIDIA Expands GeForce NOW With RTX 5080 Server in Toronto appeared on BitcoinEthereumNews.com. James Ding Jul 09, 2026 14:03 NVIDIA launches RTX 5080-powered GeForce NOW server in Toronto, enhancing cloud gaming in Canada with 4K streaming and low-latency performance. NVIDIA is expanding its GeForce NOW cloud gaming service with the launch of a new RTX 5080-powered server in Toronto, the company announced on July 9, 2026. This move brings high-performance cloud gaming closer to Canadian users, offering up to 4K resolution, 120 FPS streaming, and cutting-edge features like NVIDIA DLSS and Reflex for ultra-low latency gaming. The Toronto server rollout is part of NVIDIA’s broader push to integrate its Blackwell architecture-based GPUs into its GeForce NOW infrastructure. These RTX 5080-class servers provide enhanced performance with advanced ray tracing, DLSS 4 Multi-Frame Generation, and support for ultrawide displays. Ultimate members, who pay $19.99 per mon