Canada's May unemployment rate rises for first time in nine months to 5.2%

Canada's May unemployment rate rises for first time in nine months to 5.2%

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Canada unexpectedly shed jobs in May and the unemployment rate rose for the first time in nine months, data showed on Friday, a first sign of job-market softness after the central bank hiked rates this week, in part because of the tight labour market. The economy shed a net 17,300 jobs in May,…

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