Canada’s economy created a surprisingly strong number of jobs in June, but it could be the last hurrah for a long time as governments enter restraint mode and businesses grow more cautious.
Employers added more than 28,000 workers in June, Statistics Canada said Friday, almost twice the number that Bay Street analysts were expecting. The jobless rate stayed at 7.4 per cent, the lowest level in two years, instead of falling further mainly because the labour market grew as more people became confident enough in the economy to search for work.
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