Canada Sheds 66,000 Jobs in August, Raising Pressure on BoC for Rate Cuts
Canada’s labour market experienced its sharpest downturn of the year in August, losing a net 65,500 jobs and pushing the unemployment rate up to 7.1 per cent, according to Statistics Canada. This marks the highest jobless rate since 2016, excluding the pandemic period, and adds to mounting pressure on the Bank of Canada (BoC) to…


