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Canada Unexpectedly Loses 2,800 Jobs in July; Unemployment Rate Remains Steady at 6.4%

  • Canada saw an unexpected loss of 2,800 jobs in July, contrary to job growth predictions, leaving the unemployment rate unchanged at 6.4%.
  • The decline in employment was led by full-time job losses, while part-time jobs showed slight gains.
  • Analysts suggest the labor market is softening, raising concerns about potential economic slowdowns.