*U.S. Initial Jobless Claims Rise To 238,000 In Week Ended 6/29

*U.S. Trade Deficit Widens To $75.1 Billion In May

*US June Challenger Job Cuts +19.8% Y/y Vs. -20% In May

*Canadian Trade Deficit Widens To C$1.9 Billion In May

U.S. Private Sector Employment Climbs Less Than Expected In June