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Statistics Canada Releases August Jobs Report Amid Labour Market

  • The August-labor-force survey by Statistics-Canada is expected to show 25,000 new jobs, with unemployment rising to 6.5% from 6.4% in July.
  • The Canadian jobless rate has been increasing for the past year and a half due to high-interest rates slowing economic activity.
  • The Bank of Canada continues to cut interest-rates, with further cuts possible if inflation cools faster than expected.