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5 Things to Know Today — June 7, 2026

  Canada woke up to a week packed with market-moving events. Here are the five things every Canadian needs on their radar heading into Monday. 1 Labour Market Canada's Jobs Surprise: 88,000 Added in May Canada's labour market delivered a stunner on Friday. Statistics Canada reported 88,000 jobs were added in May — nearly nine times the 10,000 gain economists had forecast. The unemployment rate dropped to 6.6% from 6.9%, the lowest since January. Full-time work drove the gains, with construction, transportation, and information sectors leading the charge. The May report is the first significant employment gain since November 2025 and claws back most of the 112,000 jobs lost in the first four months of the year. Why it matters — This is welcome news for Canadians anxious about a technical recession, but the gains only partly offset earlier losses. A hotter labour market also raises the odds the Bank of Canada could hike rather than cut rates — watch the June 10 decision closel...
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Canada's Economy Shows Modest Growth in Q3 2024



Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.

Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.

Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.




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