Weak Jobs Data Douses Expectations for Bank of Canada Rate Hike

AI Summary

Canada's labor market has reported a decline of 18,000 jobs over the last month, adding to concerns regarding the country's economic outlook. With employment declines occurring in three out of four past months, analysts are wary of potential impacts on monetary policy.

The Canadian labor market lost 18,000 jobs last month, marking employment declines in three out of the past four months. · The job market ...