On Air Now

Carly Kincaid

10:00am - 2:00pm

  • 519-537-1047

Now Playing

Canada Adds 14-Thousand Jobs in March

Photo provided by Pexels.com

This comes after a decline of 11-thousand jobs from last month.

OTTAWA - Canada’s economy was able to add 14-thousand new jobs.

This happened in March, when Statistics Canada kept the unemployment rate steady at 6.7 per cent.

The job gains were in line with economists' expectations, and they mark a modest rebound from losses that occurred across January and February.

The growth was led by a category the agency calls ‘other services,’ which includes repair and maintenance work in the economy. The finance, insurance, real estate, and leasing sectors led last month’s declines with a loss of 11-thousand positions, which was the industry’s first significant monthly decline since November 2023.

Average hourly wages were up to 4.7 per cent, which is the highest growth rate for wages since October 2024.

The Bank of Canada's next interest rate announcement is set for April 29.

More from Local News

Comments

Add a comment

Log in to the club or enter your details below.
Rating *

Weather

Recently Played