Canada's Employment Decline Sparks Rate Cut Speculation

According to BlockBeats, Canada's employment figures for July showed a decrease of 40,800 jobs, contrary to the expected increase of 13,500 jobs. The previous month's employment change was an increase of 83,100 jobs. Following the release of this data, the Canadian swap market indicated a 38% probability of a rate cut by the Bank of Canada in September, up from 33% before the employment data was announced.