Statistics Canada to share August jobs data as market shows signs of softening

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On Wednesday, the Bank of Canada decided to maintain its overnight rate at five per cent, influenced by signs that the economy is weakening.

The jobs market has been showing signs of softening in recent months, with the unemployment rate climbing to 5.5 per cent as of July, marking the third straight monthly increase.

The labour market stalled in July, according to the reporting agency, but wage growth has continued to be strong — a point of contention for the

 

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