Weak June Canadian Jobs Data Exposes Mediocre Economy

The video discusses the Canadian jobs data, highlighting the addition of service jobs and loss of manufacturing jobs. It examines the impact on the housing market, noting that income and debt levels are crucial factors. A comparison with US jobs data shows a healthier US economy with rising wages. The Canadian dollar's performance is influenced by oil prices and other economic factors, including trade deficits and global events like Brexit.

What factors are influencing the Canadian dollar's performance against the US dollar?

What are the implications of the oil market on the Canadian economy as discussed in the text?