US non-farm payroll grew 157k in July, below expectation of 193k. But prior month’s figure was revised up from 213k to 248k. Unemployment rate dropped back to 3.9% as expected. Most importantly, average hourly earnings grew 0.3% mom, matched expectation.
Also from US, trade deficit widened to USD -46.3B in June, slightly higher than expectation of USD 3.1B.
From Canada, trade deficit narrowed to CAD -0.6B in June, much smaller than expectation of CAD -2.3B.
