Canada adds 90,000 jobs in April, beating expectations, as unemployment rate holds steady ...Middle East

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The Canadian labour market rebounded in April by adding a whopping number of new positions, a result that potentially muddies the picture as the Bank of Canada considers whether to lower interest rates in June. The economy added roughly 90,000 jobs in April after a slight decline in March, Statistics Canada said Friday in a report. Financial analysts were expecting a gain of 20,000 positions. It was the strongest month of job creation since January, 2023. Despite those gains, the unemployment rate held steady at 6.1 per cent, because the country’s population is growing at a feverish pace. The jobless rate has risen by more than a percentage point since the summer of 2022. The results sugge

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Last updated : 10 May 2024 clock 06:05 PM

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Canada adds 90,000 jobs in April, beating expectations, as unemployment rate holds steady ...Middle East

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