Unexpected job gains in Canada pushed the June unemployment rate down to 6.9%, defying forecasts of an increase. Sectors like wholesale, retail, healthcare, and manufacturing saw notable growth, mostly in part-time roles. Wage growth slowed to 3.2%, which could influence the Bank of Canada’s upcoming rate decision.
See "Canada records surprise job gains, June unemployment rate edges down", Promit Mukherjee, Reuters, July 11, 2025