Canada's labour market delivered an unexpected boost in June, with the unemployment rate falling to 6.9% as employers added 83,000 new jobs.Statistics Canada released the figures today, surprising economists who had predicted no employment growth and expected unemployment to climb to 7.1%. However, most new positions were part-time jobs.The strong showing marked the first significant job creation since January and ended three months of rising unemployment. .Even manufacturing, pressured by Canada's tariff war with the United States, added 10,000 positions.The Bank of Canada will closely examine the employment data as it prepares for its July 30 interest rate decision. The results suggest Canada's job market showed more resilience than anticipated after several tough months negotiating a new trade deal with President Donald Trump.
