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Canada Unemployment Rate Edges Up to 7% in May

Uncertainty prevails for business and households in Canada, and surveys indicate companies plan to scale back investment and have dropped hiring plans.

Reuters on MSN · 2d

Canada's unemployment rate in May at almost nine-year high outside of COVID years

Canada's unemployment rate in May jumped to its highest level in almost nine years outside of the pandemic era with 1.6 million jobless people in the country amid a constrained labor market, data showed on Friday.

The Star · 1d

Canada’s jobs market ‘treading water’ as unemployment rate rises to 7% in May

The wholesale and retail trade sector, which faced losses in April and March, rebounded to lead growth with 43,000 jobs added last month.

2don MSN

Canada’s jobless rate hits 7% — worst since 2016, and Mark Carney may be feeling the political heat already

Canada's unemployment rate reached 7%, the highest level since 2016, indicating increased difficulties for job seekers and ...

MarketWatch2d

Canada Unemployment Rate Edges Up to 7% in May -- Update

OTTAWA--Canada's job market remained subdued in May, with another month of lackluster hiring that left the jobless rate ticking up to its highest since 2016 outside the worst of the pandemic.

Canadian Mortgage Trends2d

Jobless rate hits 7%, but markets trim odds of July rate cut as job losses come in softer than expected

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding ...

Bank of Canada expected to remain on pause after strong economic data

Economists still expect the central bank to cut interest rates this year to support an economy facing U.S. tariffs and ...

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