RBC Assistant Chief Economist says the June Labour market data was mixed and it shouldn’t be enough to prevent the Bank of Canada from following through with a second straight 25 basis point interest rate hike next week.

Nathan Janzen points to consumer delinquency rates which are edging higher, job openings are edging lower and wage growth is slowing.

Sixty thousand jobs were added in June and despite that the unemployment rate increased from 5.2 per cent to 5.4 per cent. RBC Economics says while employment growth is strong it isn’t enough to absorb the large number of new people looking for jobs. Population growth also has been setting new records with an 84 thousand monthly increase in June.