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Canada’s labour market added a net 26,700 jobs in May while the unemployment rate ticked up to 6.2 per cent, Statistics Canada said on Friday.
The Canadian economy added more jobs than expected in May, the jobless rate ticked up to 6.2%, and the growth-rate of wages accelerated to a four-month high, data showed on Friday. The economy added a net 26,700 jobs, more than the 22,500 job gain forecast by Analysts in a Reuters poll. The biggest worry is that the wages have gone up and that's a problem for the Bank of Canada.