The US economy added far more jobs than expected in May, all but ending hopes of interest-rate cuts. The strong report pushed the Federal Reserve closer to raising rates instead.
That sharpens the split with Canada, where the central bank is set to hold steady next week. New benefit payments to help with the cost of living also began landing in Canadian bank accounts today.
Today’s USA & Canada Intelligence Brief covers domestic finance, markets, economy, and politics. We pulled it together from English and French Canadian sources, with no war stories.
United States — A Jobs Blowout
Far More Than Expected