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Canadian unemployment rate jumps near 8-year high

Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, likely boosting chances of a large interest rate cut next week.

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CTVNews.ca Top Stories

Canadian unemployment rate jumps near 8-year high

Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, likely boosting chances of a large interest rate cut next week.