Unemployment rate rises to 7% in May as economy adds 8,800 jobs
Canadian Manufacturing
JUNE 6, 2025
The last time the jobless rate for students was about this high was May 2009, outside the pandemic years. The manufacturing sector, which was hard-hit in April, shed some 12,200 jobs in May. The Bank of Canada held its benchmark interest rate steady for the second time in a row on Wednesday.
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