👉Canada's employment remained stable in June, with a minor reduction of 1,400 jobs, causing the employment rate to drop by 0.2 percentage points to 61.1%. This marks the eighth decrease in nine months, with a total drop of 1.3 percentage points since early 2023. The unemployment rate increased to 6.4%, up by 0.2 percentage points from May and 1.3 points since April 2023, signaling challenges in job security. According to TD Economist Leslie Preston, the weakening job market likely influenced the Bank of Canada's recent decision to consider lowering interest rates, with potential cuts anticipated in upcoming months.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #CanadaJobs #UnemploymentRate #LabourMarket #JobMarketTrends #BankOfCanada #EconomicOutlook #EmploymentNews #mnm #malayalisnearmeapp #canadaupdate #canadanews