Statistics Canada expects to release its labour force survey for July this morning.

The federal agency previously reported the unemployment rate hit a record low of 4.9 per cent in June.

Canada currently has more than one million job vacancies and is grappling with an ongoing labour shortage largely driven by demographic changes in the population.

Wages have also been on the rise, increasing by 5.2 per cent year-over-year in June, but still below the pace of inflation.

For the month of July, RBC economists are predicting the economy added 15,000 jobs and the unemployment rate hovered at five per cent.