Reported about 10 hours ago
In January, Canadian businesses added 76,000 jobs, bringing the unemployment rate down to 6.6%, despite looming tariff threats. This surge in employment marks the largest gain over three months since early 2023, although economists warn that the hiring boom may not be enough to deter the Bank of Canada from potentially cutting interest rates later this year. The manufacturing sector led the job gains, raising concerns about the dependence on US demand for exports. Despite the positive job market indicators, challenges remain as many Canadians continue to face difficulties in finding employment.
Source: YAHOO