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Canada's jobless rate drops to a new low, ensuring more interest-rate hikes
Canada’s jobless rate dropped to 5.2 per cent, a modern low, all but guaranteeing another outsized increase in interest rates when policymakers at the Bank of Canada end their next round to deliberations on June 1. Statistics Canada’s latest monthly survey of the labour market didn’t turn up stunning results like it has over the previous few months. Employment was little changed in April, as absences from illness and disability appeared to offset employers’ desire to hire to keep up with strong demand for goods and services. It’s possible the country’s labour market is hitting its limits after adding more ... (full story)