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- Statistics Canada’s October report is expected to show a slight increase in unemployment to 6.6% as job growth slows due to high interest rates.
- RBC predicts modest job gains of 15,000, with unemployment possibly rising to 7% next year.
- The Bank of Canada has cut rates recently, aiming for an economic rebound amidst restrained growth.
Statistics Canada’s October Jobs Report Highlights Rising Unemployment Amid Economic Slowdown
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