Canada unemployment rate jumps to 6.9% in April

Canada’s unemployment rate rose to 6.9% in April and the employment number was largely flat with minimal gains of net 7,400 jobs, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ALI JAFFERY, Canada’s unemployment rate rose to 6.9% in April and the employment number was largely flat with minimal gains of net…

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Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen. The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said…

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