Unemployment rate ticks up to 6.4% in June amid job losses: StatCan
Global News
The unemployment rate rose to 6.4 per cent in June as overall employment dipped by 1,400 positions in the month, Statistics Canada said Friday.
The national jobless rate rose to 6.4 per cent in June as overall employment dipped in the month, Statistics Canada said Friday.
Canadian employers collectively shed 1,400 jobs in the month, the agency said Friday.
June’s labour force survey results compare to a jobless rate of 6.2 per cent in May, when the economy added 27,000 positions.
The Bank of Canada is looking for cooling in the labour market, particularly in wage growth, as it weighs when it can deliver further interest rate cuts.
Average hourly wages accelerated to 5.4 per cent in June from 5.1 per cent in May, StatCan said.
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U.S. Commerce Secretary Howard Lutnick said Sunday that tariffs on Canada and Mexico are still coming, but that President Donald Trump would determine the level of the levies.
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St. Mary's Academy says the decision to shutter the program was driven by operational and resource requirements.
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A B.C. entrepreneur experienced a once-in-a-lifetime wildlife encounter this week when a pod of dolphins chased him down while he was shooting a video on his personal watercraft.
A new idea has emerged in G7 capitals in recent years — using the cash in frozen Russian accounts, or interest earned on those accounts, to help fund Ukraine's defence.
As Ontario is still working to clean up after the back-to-back winter storms, cities like Waterloo and Toronto face challenges with snow storage facility infrastructure.
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