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Canada: economists expect jobs market flatlined, unemployment rose in June
Statistics Canada is set to report employment figures for June today. A Reuters poll of economists expect the pace of hiring stalled in June, with no change in employment predicted, according to LSEG Data & Analytics. Economists also expect the jobless rate rose a tick to 7.1 per cent last month. Trade-sensitive sectors such as manufacturing and transportation have faced job losses in recent months as Canada's tariff dispute with the United States hampers the economy. Last month, U.S. President Donald Trump doubled tariffs on steel and aluminum to 50 per cent and signalled this week that he intends to levy ... (full story)
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From statcan.gc.ca|Jul 11, 2025|15 commentsEmployment increased by 83,000 (+0.4%) in June and the employment rate rose by 0.1 percentage points to 60.9%. The unemployment rate fell 0.1 percentage points to 6.9%. Employment ...
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