The Canadian June employment figures disappointed on Friday as employment fell by 9,400 jobs and the unemployment rate rose to 7.1 percent from 7.0 percent. The data fell short of market expectations, sending the Canadian dollar lower against its US counterpart.
Looking forward to this week, the Canadian dollar looks set to dominate the headlines once more with manufacturing sales data and the Bank of Canada’s monetary policy meeting all out on Wednesday. As we look towards the end of the week, we will also have Canadian inflation data and wholesale sales figures on Friday which will be worth keeping an eye on.
Outside Canada, tomorrow morning will see the release of the minutes from the latest Australian central Bank meeting whilst the Bank of Japan will hold its monthly monetary policy meeting. Later on in the week we will see inflation data from New Zealand as well as growth figures and industrial production data from China.
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