Falling job vacancies could ease pressure on Bank of Canada

1.2 per cent to 753,400 in June, from 762,300 a month earlier, their lowest in more than two years, Statistics Canada reported Thursday in Ottawa. The job vacancy rate eased to 4.2 per cent.The data add to evidence Canada’s labour market is cooling in an orderly fashion. June’s decline brings the net decrease in vacancies to 249,900 from a record high of a million in May 2022. The vacancy rate has also trended down since peaking at 5.7 per cent around the same time.

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