Canada’s Labor Market Stumbles as Unemployment Hits 6.9 Percent
Canada’s labor market experienced a notable contraction in April, shedding 18,000 jobs and pushing the national unemployment rate to 6.9 percent, according to data released May 8 by Statistics Canada. The downturn follows a modest gain of 14,000 jobs in March, marking a significant shift in the economic landscape as the country grapples with cooling…