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    Canada unemployment rate drops to 6.9 percent

    Vincent OsuwoBy Vincent OsuwoJuly 12, 2025No Comments1 Min Read
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    Canada insurance premiums soar in major cities
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    The unemployment rate in Canada reduced slightly to 6.9 percent in June, mainly due to strong hiring in wholesale and retail, manufacturing, and health care, according to the government on Friday.

    Statistics Canada reported that the economy created 83,100 jobs last month, marking the first net rise since January.

    However, most of the job growth was in part-time work, the agency said.

    The increase in employment contrasts with a recent decreasing trend.

    The wholesale and retail industry accounted for 34,000 new jobs, followed by health care and social support (17,000).

    These are the final job data before Canada’s central bank decides on interest rates in a meeting on July 30.

    US President Donald Trump said overnight that he will put a 35% tariff on Canadian exports beginning August 1, one of the higher tariffs he has proposed this week for US trading partners.

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    Michael Oyedokun: Terrorists behead abducted Oyo teacher

    Michael Oyedokun: Family begs Tinubu, Makinde to bring slain Oyo teacher’s corpse

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