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Canada's jobless rate rises to 6.7%, a six-month high

Canada's unemployment rate rose to 6.7%, its highest in six months. Traders scaled back bets that the Bank of Canada will raise interest rates.

Photo: Salwa Farwaneh Dameh, CC0, via Wikimedia Commons

Economy ·

Canada's unemployment rate climbed to 6.7%. That is the highest reading in six months.

Economy

Traders reacted by reducing their bets on rate hikes in Canada. A rate hike means a central bank raises its main borrowing cost.

In numbers

  • 6.7%Canada unemployment rate

Economy

The material gives no further detail on job numbers, sectors or the size of the change in bets.

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Photo: Salwa Farwaneh Dameh, CC0, via Wikimedia Commons

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