๐Canada's economy saw a notable increase of 41,000 jobs in February, driven by robust population growth outpacing employment gains. Despite the positive job report, the unemployment rate slightly rose to 5.8%, countering January's decline. The services sector, particularly accommodation and food services, experienced significant employment growth. Alberta and Nova Scotia saw job increases, while Manitoba faced a decline. High-interest rates are impacting consumer spending, leading to a slowdown in business sales. However, the substantial population growth is mitigating some economic challenges. Chief economist Douglas Porter highlights the report's impressive aspects but notes a gradual cooling in the labor market.โ . ๐๐ง๐ฅ๐จ๐๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ง๐จ๐ฃ ๐๐๐ซ๐๐ญ๐ก๐, ๐๐ง ๐๐ฐ๐๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐๐ง๐ญ๐๐ซ๐ข๐จ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ ๐๐ฆ๐๐ข๐ฅ: ๐ฆ๐๐ง๐จ๐ฃ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ @manojkaratha_realtor . . #CanadianEconomy #JobGrowth #UnemploymentRate #PopulationSurge #EconomicChallenges #LaborMarket #BusinessSales #mnm #malayalisnearmeapp #canadaupdate #canadanews
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