- Fred Thornhill/Reuters
The latest read on the health of the Canadian labor market will be out at 8:30 a.m. ET.
Economists forecast that the economy added 15,000 jobs in May, according to the Bloomberg consensus. The unemployment rate is expected to tick up to 6.6%.
Last month, Canada added 3,200 jobs, below expectations of 10,000. The unemployment rate was 6.5%.
But crucially, full-time employment fell by 31,200 last month. And employment for men aged 25 to 54 fell by 20,000.
The Canadian dollar was little changed at 1.3512 per US dollar at 8:01 a.m. ET.