June's jobs report added 18,200 positions, nearly double the Street's forecast of 10,000, pulling the unemployment rate to its lowest level since January. Despite the beat, market-implied odds of a Bank of Canada hold at its July 15 decision barely moved, staying anchored near 94%, with bond yields easing rather than repricing toward a hike. The rate has now touched this level twice in three months, after climbing as high as 6.9% in April.
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