Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected. 

Canada’s labour market continued to weaken in May, with the unemployment rate rising to 7%—the highest since 2016, excluding the pandemic years. But the deterioration was less severe than many economists had expected.  Mortgage Rates & Mortgage Broker News in Canada