Statistics Canada to release May jobs report this morning

Statistics Canada is set to release its May labour force survey this morning.

RBC expects the unemployment rate ticked up to 6.2 per cent and the economy added a modest 15,000 jobs last month.

The report is the first major data release following the Bank of Canada's interest rate cut on Wednesday. 

The Canadian job market has softened over the last year as high interest rates weigh on businesses.