Farm workers harvest crops near Cypress River, Manitoba. (Photo by: Dave Reede /Design Pics Editorial/Universal Images Group via Getty Images) · Design Pics Editorial via Getty Images
Canada’s labour market lost a net 40,800 jobs in July and the unemployment rate held steady at 6.9 per cent, according to Statistics Canada data released on Friday.
Financial experts had expected to see 15,000 jobs added, according to consensus estimates published by CIBC Economics, and the unemployment rate to rise 0.1 percentage points to seven per cent.
For June, Statistics Canada reported that the economy added 83,000 jobs, well above expectations, with the unemployment rate falling from seven per cent to 6.9 per cent.
This story will be updated.
John MacFarlane is a senior reporter at Yahoo Finance Canada. Follow him on X @jmacf.
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