Canadian economy lost 2,800 jobs in July, unemployment flat at 6.4%

News Room
By News Room 6 Min Read


The Canadian labour market continued to weaken in July as the economy lost 2,800 jobs and the unemployment rate was unchanged at 6.4 per cent, according to Statistics Canada. 

Friday’s report supports the case that there is enough pain in the job market to restrict consumer spending and for the Bank of Canada to cut interest rates further. 

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