Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate cut hopes fade

Canada added 87,800 jobs in May, lowering unemployment to 6.6%, which complicates monetary policy and reduces rate cut prospects. Simultaneously, the American economy added 172,000 jobs, maintaining a 4.3% unemployment rate. The Fed held rates at 3.5%-3.75%, suggesting prolonged caution regarding inflation control. These robust employment figures in both nations may deter immediate rate cuts, potentially impacting investment strategies for risk assets and influencing overall crypto market dynamics across North America.