Canada job losses in August signal labor-market setback
Canada shed nearly 42,000 jobs in August, partially reversing a 75,000 gain in the prior month. CIBC Capital Markets says job growth on 3-, 6- and 12-month averages is about 20,000 a month.
Canada shed nearly 42,000 jobs in August, or a partial reversal from the 75,000 employment gain in the prior month.
CIBC Capital Markets says that, on a 3-, 6- and 12-month average, job growth is hovering around 20,000 a month, or above the pace of population growth. "That is consistent with the gr…