In July, Canada recorded a significant job loss, with 40,800 fewer jobs after a gain of 83,000 in the previous month, bringing the employment rate to 60.7%. The unemployment rate held steady at 6.9%. Analysts had expected an increase in jobs, and manufacturing was hit hard by US tariffs. Young people aged 15 to 24 were hardest hit, with an unemployment rate of 14.6%. The Bank of Canada may cut policy interest if inflation remains under control.
Sources
Canada a pierdut zeci de mii de locuri de muncă în iulie, pe fondul impactului tarifelor americane asupra angajărilor
Canada a pierdut zeci de mii de locuri de muncă în iulie, pe fondul impactului tarifelor americane asupra angajărilor
Canada a pierdut zeci de mii de locuri de muncă în iulie, pe fondul impactului tarifelor americane asupra angajărilor
Latest News
16:05
The West Nile virus reported in 12 European countries. Romania ranks third after the number of affected areas.
15:45
USR deputy criticizes the bill regarding political parties, proposed by AEP: "Welcome to the Grindeanu-Zăbăuianu Republic"
15:18
The "Solidarity Health" Federation consults health employees regarding the impact of the salary law.
14:53
Volodymyr Zelensky: Russia intends to mobilize 300,000 people after the elections for the State Duma
14:29
The nuclear power plant in Paks could return to full capacity by Wednesday, announces the Prime Minister of Hungary.
See more news