Canadian unemployment rate

Signs of economic softening grow as job creation lags population growth

Aug 4, 2023 | 1:33pm

Canada’s labour market is softening as the unemployment rate rises for a third consecutive month, offering some evidence the economy is finally slowing down. Statistics Canada reported Friday employment was little changed in July, falling by 6,400 jobs. Meanwhile, the unemployment rate ticked up to 5.5 per cent as the economy struggles to create enough jobs to match the […]