Canada Sheds 1,400 Jobs, Unemployment Rate Hits 6.4%

"The Bank of Canada’s business and consumer surveys due July 15 will also prove “enormously important” in determining how the central bank views underlying growth, said Karl Schamotta, chief market strategist at Corpay. “Hopes for a rate cut in July are rising, with Bank of Canada officials looking more likely to favour easing policy in back-to-back meetings,” Schamotta said in a report to investors."

Read the Bloomberg article here.