Solid Canada job gains in June set stage for next move by Poloz

Canada’s unemployment rate is down to 6.5 per cent after the economy churned out a better-than-expected 45,000 jobs in June.

Most of those gains, however, were in part-time positions.

Still, over the course of 12 months, Canada has created 351,000 jobs, most of them full-time.

 

Read more: Financial markets are banking on a July 12 rate hike from BoC

And notably, Statistics Canada said Friday, employment gains in the second quarter, of 103,000, mark the strongest quarterly showing since 2010.

The jobless rate dipped one notch, from 6.6 per cent in May.

Quebec and British Columbia led the way June, the latter pumping out 20,000 new jobs as unemployment declined by a hefty half of a percentage point to 5.1 per cent. Read more…

Solid Canada job gains in June set stage for next move by Poloz