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A Solid Start To Canada’s Jobs Recovery
During June, Canada recaptured almost all of the jobs that were lost due to third wave restrictions over the prior two months (-275k). Before we get into details, that’s nothing to spit at. In one month, Canada went from being down 571k jobs during the pandemic to 340k to date. The vast majority of the 3 million jobs lost have been recouped (chart 1). See the accompanying table for highlights. Due to high statistical noise in this report the ‘beat’ was barely inside a 95% confidence interval which makes it more of a meet in a statistically pure sense. The details were mixed but short-term yields are not under ... (full story)