Canada’s jobs report was not great.
The Canadian labor market lost 700 jobs in June. Economists were expecting of an increase in 5,000.
Full-time work fell by 40,100, while 39,400 part-time jobs were created, according to Bloomberg.
British Columbia was the only province that saw employment growth, according to Statistics Canada. All others saw “little change.”
For the second quarter of 2016, employment was little changed (+11,000) – the smallest quarterly changed in employment in two years.
Employment fell for men aged 55 and up, but increased for people aged 15 to 24.
Alberta, where wildfires have ravaged the oil industry, saw employment stay virtually unchanged in June.
Meanwhile, the unemployment fell to 6.8%, better than expectations of an increase to 7.0%.
The Canadian dollar is weaker by 0.4% against the US dollar at 1.3051 at 8:36 a.m. ET.