Canada job gains triple expectations, keeping hike on table - BNN Bloomberg
www.bnnbloomberg.ca
Canada’s labour market bounced back strongly, more than offsetting losses from a month earlier, keeping pressure on the Bank of Canada to raise interest rates again next week.

The country added 60,000 jobs, driven by gains in full-time work, while the unemployment rate rose to 5.4 per cent, the highest since February 2022, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a gain of 20,000 positions, but missed the forecast for a jobless rate of 5.2 per cent, according to the median estimate in a Bloomberg survey.

  • StochasticEnglish
    4·
    1 year ago

    I hope someday soon the official Stats Can reddit account will migrate here and post directly.