Canada, inflation and unemployment rates
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Inflation in Canada picked up in June despite only limited signs companies have begun passing tariff costs on to consumers, likely keeping the central bank sidelined for a third policy meeting in a row.
Canada's unemployment rate fell slightly to 6.9% in June as the wholesale and retail trade sectors as well as manufacturing, healthcare and social assistance all saw surprise job growth, data showed on Friday.
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Statistics Canada’s newly-released June 2025 Labour Force Survey indicates Alberta saw a net gain of 30,000 new jobs, with 51,300 full-time jobs created and 21,3000 part-time jobs lost.
Canadians are doubling down on their U.S. travel boycott—as Canada propels U.S. tourism declines to an expected overall economic loss of $29 billion in 2025.