Canada Jobless Rate Hits SixMonth High
Canada unemployment rose to a six-month high of 6.7 percent in October as the economy shed 4700 jobs. Full-time and private-sector positions took the heaviest losses. Wage growth also slowed to 2 percent year-on-year.
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Canada shed 4,700 jobs during October, pushing the unemployment rate to a six-month high of 6.7%. The contraction reverses prior gains as trade pressures with the United States weigh heavily on hiring. Economists surveyed by Reuters had anticipated a net addition of 13,600 jobs for the month.
