Canada’s Unemployment Rate Rises as More People Look for Work 

Canada’s economy lost 18k jobs in April (-0.1% m/m), undershooting consensus expectations for a 10k gain. Employment is now virtually unchanged following February’s sharp decline. Full‑time employment fell by 47k, while the number of private‑sector workers was essentially flat (-2.6k). The unemployment rate rose to 6.9% from 6.7%, as labour supply increased faster than job […]

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