Canada’s jobs grow 7.4k, unemployment rate jumps to 6.9%

Canada’s labor market posted a modest gain of 7.4k jobs in April, slightly above expectations of 4.1k, following a sharp loss of -33k positions in March and a flat February. While the headline number suggests some stabilization, broader labor indicators point to underlying weakness. Unemployment rate rose from 6.7% to 6.9%, above expectations, and is […]

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