Canada lost 84K jobs in February; unemployment rises to 6.7% Economists had expected the unemployment rate to tick back up to 6.6% John MacFarlane · Senior Reporter In this article : Recom...
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Yahoo! Finance Canada
younger workers and men aged 25 to 54, according to Statistics Canada data released on Friday. Economists had expected the Canadian economy to add 10,000 jobs and the unemployment rate to tick back up to 6.6 per cent, according to consensus estimates published by the Bank of Montreal. In January, Canada lost 24,800 jobs but the unemployment rate improved from 6.8 to 6.5 per cent. That seemingly paradoxical outcome was due to a significant drop in the workforce — 119,000 people overall — as population growth slowed and the proportion of the working-age population actually working or seeking employment fell. In the months ahead, “employment will be impacted by further layoff announcements, particularly in sectors hit by U.S. tariffs,” BMO economist Shelly Kaushik wrote in a recent note. “Notably, public sector employment is also set to step down from elevated levels (as Ottawa attempts to trim department spending), although there will be some offsetting hiring in the coming mont
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BMO
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- 2/25/26 - Beat
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