The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign.
The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign.
Isn’t Telus eliminating 7000 jobs?
Yes and so is Bell, but this is a net loss of jobs, which means those losses were offset by gains elsewhere for a total of 6400 fewer jobs than before.
Good thing we keep letting these oligopolies buy each other. It’s never good for the actual people.