Canada unexpectedly sheds 2,800 jobs in July; jobless rate stays at 6.4%

Students, recent immigrants hit hard by weakening job market: StatsCan

Amidst historically high interest rates, the unemployment rate has climbed 0.9 percentage points

Economy Lost 2,800 Jobs in July, Unemployment Rate Unchanged at 6.4%

Students are facing a particularly challenging summer job market while recent immigrants are disproportionately affected by weakening labour market conditions in the country, Statistics Canada’s latest employment figures show. The federal agency’s July labour force survey released on Friday says the overall jobless rate held steady at 6.4 percent last month as the economy shed a modest 2,800 jobs. Amidst historically high interest rates, the une…

Students, recent immigrants hit hard by weakening job market, StatCan data suggests

By Nojoud Al Mallees

Economy lost 2,800 jobs in July, unemployment rate unchanged at 6.4%

Students are facing a particularly challenging summer job market while recent immigrants are disproportionately affected by weakening labour market conditions in the country, Statistics Canada’s latest employment figures show.

Unemployment rate holds at 6.4% in July as jobs market ‘little changed’

Two rate cuts into an easing cycle, the Bank of Canada says it's watching for signs of easing in wage growth as it looks for confidence inflation is heading back to two per cent.

Canada lost 2,800 jobs in July but unemployment rate was unchanged

Statistics Canada is set to release its July labour force survey today.