👉Canada's unemployment rate rose to 6.6% in August, marking the highest level in over seven years, excluding the pandemic. While 22,100 jobs were added, the gains were limited to part-time positions. Analysts had anticipated a 6.5% jobless rate and 25,000 new jobs. Rising interest rates and sluggish GDP growth are driving concerns of a recession, as unemployment has increased by 1.6% since January 2023. Youth unemployment has surged, reaching its highest level in eight years. The Bank of Canada has cut rates, but further reductions may follow if economic conditions worsen.✅ . 𝐄𝐱𝐩𝐞𝐫𝐭 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐞- 𝐀𝐭 𝐚 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐩𝐥𝐚𝐜𝐞 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐟𝐨𝐫 𝐲𝐨𝐮! 𝐉𝐨𝐦 𝐌𝐚𝐭𝐭𝐚𝐦 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐀𝐝𝐯𝐢𝐬𝐨𝐫 +𝟏 𝟔𝟒𝟕 𝟗𝟐𝟎 𝟔𝟓𝟑𝟎 𝐣𝐨𝐦.𝐦𝐚𝐭𝐭𝐚𝐦@𝐜𝐢𝐛𝐜.𝐜𝐨𝐦 @jom_mattam . . #CanadaJobs #UnemploymentRate #EconomyUpdate #JobMarket #YouthUnemployment #BoC #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada’s job vacancies have sharply declined, dropping to 551,000 in June from nearly one million during the COVID-19 pandemic, a 44.9% decrease over two years. Statistics Canada reports a 25.6% year-over-year drop in vacancies, with the job vacancy rate holding steady at 3.1%. The ratio of unemployed persons to job vacancies increased for the fifth consecutive month, signaling a cooling labor market. June saw 47,300 fewer Canadians employed, with significant job losses in retail, manufacturing, construction, and administrative sectors. Mining, quarrying, and oil and gas extraction was the only sector to report job growth, adding 2,500 positions.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaJobs #LabourMarket #EmploymentTrends #JobVacancies #EconomyUpdate #Unemployment #JobMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Inflation in Canada slowed to 2.7% in June, down from 2.9% in May, largely due to a 3.1% drop in gasoline prices, according to Statistics Canada. Despite this overall decline, grocery prices are rising again, signaling renewed pressure at the checkout. Travel tour prices fell by 11.1% monthly, and cellular service costs dropped by 12.8% annually. Durable goods, such as passenger vehicles and furniture, saw price decreases due to improved inventory and eased supply chains. Higher interest rates are also curbing consumer spending, contributing to the price drops.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #Inflation #CanadaEconomy #GroceryPrices #GasPrices #ConsumerSpending #CPI #EconomyUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews