Canada unexpectedly sheds jobs in July, central bank seen pausing hikes
Canada unexpectedly sheds jobs in July, central bank seen pausing hikes
The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign.
The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign.
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Isn't Telus eliminating 7000 jobs?
Yes and so is Bell, but this is a net loss of jobs, which means those losses were offset by gains elsewhere for a total of 6400 fewer jobs than before.
Good thing we keep letting these oligopolies buy each other. It’s never good for the actual people.