Canada job market set for modest rebound in May

By Louise Egan

OTTAWA, June 6 (Reuters) - Canada likely created more jobs in May, rebounding modestly from a decline in April, analysts said, and they predicted a further rise in the Canadian dollar if the numbers surprise on the strong side.

In a Reuters survey, analysts' average forecast is for the economy to add 19,000 jobs in May after it lost 5,200 jobs in April. However, the expected gains are still far from the average monthly job gain of 52,600 in the first quarter.

The unemployment rate should stay unchanged at 6.1 percent, a 30-year low, according to the survey.via Reuters-Read More