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Canada’s Job Market Stalls as Unemployment Rate Hits Over Two-Year High

Canada’s job market stalled last month, causing the unemployment rate to rise to its highest level in over two years. Statistics Canada reported a loss of 1,400 jobs in June, pushing the unemployment rate up by 0.2 percentage points to 6.4%. This figure fell short of market expectations, which had predicted the addition of 25,000 jobs and a 6.3% unemployment rate.