CANADA: Krishen Rangasamy of CIBC World Markets says.

CANADA: Krishen Rangasamy of CIBC World Markets says of the Canadian
jobs data released earlier, the unemployment drop of 0.1% to 8.2%, “was
not only a result of the 21,000 (20,900) job gains but also a reflection
of the drop in the participation rate. The data “adds further evidence
that Canada’s labour market is on the upside, in line with economic
recovery.” Given the increasing strength of the economic rebound, CIBC
looks for the BOC to raise rates in July, “something that will have the
C$ trade stronger than parity with the US dollar later this year,”
Rangasamy says.