Canada’s Economy Sheds Jobs in July, Unemployment Rate Steady as Labour Force Shrinks

Canada’s economy lost 41k jobs on net in July (-0.2% month/month), weaker than consensus expectations. The details were similarly weak, with job losses concentrated in full-time positions (-51k) and in the private sector (-39K). The unemployment rate held steady at 6.9% in June, as the labour force shrunk (-33k). Despite the flat headline, the share […]

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