Home Economy Canada’s jobless rate drops to a new low, ensuring more interest-rate hikes

Canada’s jobless rate drops to a new low, ensuring more interest-rate hikes

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Canada’s unemployment rate fell to 5.2 per cent in April

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Canada’s jobless rate dropped to 5.2 per cent, a modern low, all but guaranteeing another outsized increase in interest rates when policymakers at the Bank of Canada end their next round to deliberations on June 1.

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