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Statistics Canada released the labour market data today. Canadian unemployment rate climbed to a seasonally adjusted 7.1% in June from 7.0% in May. That was the highest level since last December.
Analysts had expected the unemployment rate to remain unchanged at 7.0%.
The Canadian economy unexpectedly lost 9,400 jobs last month, missing expectation for rise of 26,200 jobs, after adding 25,800 jobs in May.
The decline of jobs was driven by a larger drop of 43,000 part-time positions.
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