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Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Forecasters say the economy has not softened enough for the central bank to back off

The increase came as the economy added 60,000 jobs in June, driven by gains in full-time work

Now hiring sign

The latest evidence of economic strength makes it all but certain that the Fed will resume rate hikes

Frustrated man calculating bills and tax expenses

The job market's sturdiness has raised doubts about whether a downturn is inevitable

All eyes will be on the labour force survey at the end of this week

commercial real estate

Credit ratings, outlooks under pressure as challenges mount for U.S. commercial property sector

Now hiring sign

Growth in labour demand, average hourly wages offered slowing

Representation of household debt

Population growth may be interfering with the BoC's efforts by propping up demand in the housing market

Job gains have moderated, StatsCan says

Man searches for job on the internet

Euro area, young workers see new lows for unemployment