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Figures from Statistics Canada show the unemployment rate rose to 5.5% last month, up from 5.3% in May.

The employed workforce rose from 85,000 in May to 85,400 in June, but there were more people looking for work, with the labour force participation rate rising from 66 per cent to 66.2 per cent.

The Canadian dollar initially strengthened to C$1.3095 to the USA dollar, or 76.37 US cents, up from C$1.3137, or 76.12 US cents, before later giving up its gains.

CIBC, in its week ahead report for July 2 to 6, said "a nice rebound in Canada's labour force survey for June" would be "the last piece of the puzzle for a Bank of Canada rate hike in July".

Nationally, Canada received a dose of new jobs last month, maintained sturdy wage growth and saw more people searching for work - all seen as positives by experts who believe the path is clear for the central bank to raise interest rates next week.

Scientists working to save rhino from extinction, create embroys from DNA
For safe collection of female bio-material, the zoologists used a recently patented instrument with a length of almost two meters. This would be achieved by adopting the procedure pioneered here, to oocytes to be collected from the last two living NWR females.


Statcan also calculated (on an unadjusted basis) that the number of full-time jobs in Ottawa and Gatineau increased by 9,900 (1.6 per cent) from May to June while part-time employment declined by 5,800 (4.3 per cent).

Chances of a Bank of Canada interest rate increase at the July 11 announcement climbed to more than 90 percent from 88 percent before the data, the overnight index swaps market indicated.

Compared with a year earlier, overall employment was up 1.2 per cent following the creation of 214,900 jobs, which was driven by 284,100 new full-time positions. The public sector gained 11,800 jobs and the private sector lost 2,000.

"Not too shabby", TD senior economist Brian DePratto said in a note. Manufacturing employment grew by 10,900 jobs, the first advance this year. The worldwide trade deficit was about $1.9 billion in April and $3.9 billion in March.


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