07:15 AM EDT, 07/07/2025 (MT Newswires) -- Last week was relatively light for economic data in Canada, highlighted by the resumption of negotiations on a deal with the United States, said Bank of Montreal (BMO).

There are now two weeks to go until the self-imposed 30-day timeline runs out in trade talks with the United States , noted the bank.

The Canadian dollar (CAD or loonie) has weakened early Monday against a modestly stronger US dollar (USD), and is now trading around $1.367 (just under 73.2 cents US), pointed out BMO.

The week ahead is crickets until Friday, according to the bank. The June jobs report (LFS) could print another small positive, but BMO indicates it might not be enough to stop the unemployment rate from rising above 7% for the first time since 2016 -- excluding for the COVID-19 pandemic.