Canada: Unemployment Rate rises to 5.4% in June vs. 5.3% expected

• Unemployment Rate in Canada rose to 5.4% in June. The data published by Statistics Canada revealed on Friday that the Unemployment Rate rose to 5.4% in June. This reading came in above the market expectation of 5.3%. The Participation Rate increased from 65.5% to 65.7%. Further details of the publication revealed that the Net Change in Employment was positive by 59,900, surpassing analysts' estimate of a 20,000 increase and follows a 17,300 decline in May. The annual wage inflation arrived at 3.9% in June. • Employment rose by 60,000...