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    Chronicle NG

    Canada unemployment rate drops to 6.9 percent

    Vincent OsuwoBy Vincent OsuwoJuly 12, 2025No Comments1 Min Read
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    Canada flags Nigeria, 16 African countries as high-risk in new travel advisory
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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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    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

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    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    Banks to deduct 10% withholding tax on foreign currency deposits Jan 1

    December 31, 2025
    Equatorial Guinea go through as Group E runners-up

    Equatorial Guinea players banned for insulting referee

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    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    Mali, Burkina Faso impose reciprocal travel ban on US citizens

    December 31, 2025
    Fubara embraces peace, buries hatchet with Wike

    Wike accuses Fubara of breaking Tinubu-brokered agreement

    December 31, 2025
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