Canada’s Job Market Softens Further in July

For the second straight month, Canadian employment was essentially unchanged (-2.8k), disappointing expectations for a modest 25k gain. Full-time positions rebounded (+62k), but were offset by sizeable part-time job losses (-64k). The unemployment rate also remained unchanged at 6.4%, as a slight decline in the labour force (-0.1% month-on-month (m/m)) offset job losses. The decline […]

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