The Canadian dollar
weakened to a four-month low against its U.S. counterpart on
Friday before clawing back some losses as investors raised bets
the Bank of Canada would begin cutting interest rates. -April 05, 2024 at 03:45 pm EDT
- MarketScreener
(Bloomberg) Canada’s labor market unexpectedly lost jobs and the unemployment rate jumped to the highest level in more than two years, signaling greater slack in the economy that will test the central bank’s patient stance on rate cuts.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGGiving Up China Is Hard, Even
Canada s unemployment rate jumps to 6 1% as job growth stalls vancouversun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vancouversun.com Daily Mail and Mail on Sunday newspapers.
The unemployment rate was driven higher in March by an increase of 60,000 people searching for work or on temporary layoff, according to Statistics Canada