Economy

Canada adds 54,100 jobs, unemployment rate back down to record low

Canada adds 54,100 jobs, unemployment rate back down to record low

The Canadian dollar is down to $0.7651 cents US and oil is up $0.45 to $67.26 a barrel.

The youth unemployment rate - representing workers aged 15 to 24 years old - fell to 11.1 per cent, down from 11.7 per cent in June.

The economy added 54,100 jobs, another strong month following a 31,800 gain in June.

According to Statistics Canada's monthly labour force survey, employment rose by 54,000 across the nation last month, driving the jobless rate down 0.2 points and back to its four-decade low of 5.8 per cent.

Month-over-month, Saskatchewan's employment fell by 4,200, bringing the unemployment rate up 0.3 percentage points to 6.6 per cent.

At the same time, employment in Alberta held steady as a decrease in full-time work was largely offset by an increase in the number of people working part time.

More news: Villarreal spectacularly unveil former Arsenal midfielder Santi Cazorla

First is the fact the gains came on the back of 82,000 less desirable part-time positions while the country shed 28,000 full-time jobs.

But overall he said the report contained a "good" set of numbers that will keep markets guessing whether the Bank of Canada will introduce its next interest rate hike in September or October.

The Bank of Canada has raised rates four times over the past year as the economy strengthened and says further tightening will be data dependent.

Professional scientific and technical services, the goods producing sector and the construction industry all reported drops in overall employment between June and July.

"The labour market remains robust and there is easily enough here to convince the Bank of Canada to maintain its gradual tightening campaign - there's just not enough to get it to accelerate the schedule", BMO chief economist Doug Porter said in a note to investors. "A solid headline number masked less than optimal details: all part-time hiring, and by and large public sector, driven by universities".


  • Plane crashes after airline employee’s solo ‘unauthorized takeoff’ from Seattle airport

    Plane crashes after airline employee’s solo ‘unauthorized takeoff’ from Seattle airport

    Russell could be heard on audio recordings talking to air traffic controllers, who tried to convince him to land the airplane. Read out by family friend Mike Mathews, the statement said: "He was a faithful husband, loving son and a good friend.
    Real Madrid end U.S.  tour with 2-1 win over Roma

    Real Madrid end U.S. tour with 2-1 win over Roma

    He, however, believes the five-time Ballon d'Or victor can take the Old Lady to the next level in their pursuit of European glory. Juventus' Brazil forward Douglas Costa is astonished by the training of club newcomer and Portugal captain Cristiano Ronaldo .
    Erdogan vows to defy United States  'threats' after currency crash

    Erdogan vows to defy United States 'threats' after currency crash

    Washington "must give up the misguided notion that our relationship can be asymmetrical", he said in the opinion piece. The Turkish lira tumbled 16 per cent against the dollar on Friday.
  • Arsenal's uncomfortable Petr Cech earns 5/10 as Gunners struggle vs

    Arsenal's uncomfortable Petr Cech earns 5/10 as Gunners struggle vs

    Asked how much motivation his players have, Guardiola said: "It is not a question that needs an answer". Like Arsenal , Manchester City have a few injuries at the start of the Premier League season.

    Arsenal v Manchester City

    Bernd Leno is expected to be preferred in goal to Petr Cech , with Shkodran Mustafi and Sokratis the centre-back pairing. Arsenal brought on Alexandre Lacazette ten minutes after the interval as they went in search of an equaliser.
    Sarri off the mark as Chelsea ease past Mooy's Huddersfield

    Sarri off the mark as Chelsea ease past Mooy's Huddersfield

    We have to move the ball faster. "The best capacity was to suffer, but then I think the second half maybe they were exhausted ". Sarri has had limited time to work with his new players but they strolled to all three points at the John Smith's Stadium.
  • Manchester City Arsenal Premier League free live stream, TV

    Manchester City Arsenal Premier League free live stream, TV

    Will likely be relegated to the bench as De Bruyne and David Silva regain their places in the starting eleven in the coming games. Hopefully we can convince him to be calm and forget a bit the social media and focus on what he has to do".
    India vs England, 2nd Test: Injury scare for Virat Kohli at Lord's?

    India vs England, 2nd Test: Injury scare for Virat Kohli at Lord's?

    England had looked like wasting an inspired bowling performance that dismissed India so cheaply on a rain-interrupted second day. Kohli scored a gritty century in the first Test against England at Edgbaston, which was also his maiden hundred in the country.
    Jordan: 4 security officers killed after storming building

    Jordan: 4 security officers killed after storming building

    Ghneimat said that the security forces raided the house in Salt after receiving a tip-off. On Sunday, she added that the bodies of three suspects were pulled out of the rubble.
  • Confirmation hearings for US  top court nominee Kavanaugh open September  4

    Confirmation hearings for US top court nominee Kavanaugh open September 4

    If Brett Kavanaugh was fit to be on the Supreme Court, Senate Republicans would have no issue releasing his full records. Democrats have accused Republicans of trying to rush the confirmation process.
    Rowan Atkinson Defends Boris Johnson Burqa Joke

    Rowan Atkinson Defends Boris Johnson Burqa Joke

    Boris Johnson's comments on the burka have been branded "inflammatory and divisive" by the Equality and Human Rights Commission. This time it was the result of an article he wrote, comparing women who wear the burqa to " bank robbers " and "letter boxes".
    Nadal leads way into Toronto third round - Omni Sports

    Nadal leads way into Toronto third round - Omni Sports

    He also fired five aces - including four in the second set alone - and won 73 per cent of his first service points. Azarenka stormed through the first nine games of the match before France's Mladenovic got on the board.