Data released shortly before from the Canadian economy showed that 94 thousand jobs were added in July after 231 thousand jobs were added in June, less than expectations that it had added about 148 thousand jobs. On the other hand, the unemployment rate rose to 7.5% in July, compared to 7.8% in July, worse than expectations that it had declined to 7.4%.

All employment gains in Canada in July came from the private sector, as the number of employees increased by 123 thousand, most of which were concentrated from full-time work, which recorded its first rise since last March, in contrast, the number of workers in the public sector decreased by about 31 thousand in the first decline since April 2020. .

The Canadian dollar fell against the US dollar due to the discrepancy in the numbers between the US and Canadian economy, to trade at 1.2530 levels, affected by the US dollar’s rise and the negative Canadian data.