15:54Dec 02, 2021MT Newswires

RBC Previews Friday's November Jobs Report in Canada

RBC said it estimated that Canada's employment rose another 40,000 in November, led by further improvement in high-contact services sectors, where the bulk of remaining labor market weakness remained.

Canada was slated to release the November Labour Force Survey at 8:30 a.m. ET on Friday.

Even in those industries, labor shortages appeared set to intensify as demand for workers and job vacancies surged, noted the bank.

RBC looked for the unemployment rate to edge lower to 6.6% from 6.7% in October.