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-0.000311241388601232 0.002011455541258 0.00177918584827213 0.00619231001500455 0.000385567690356553 0.002011455541258 0.00781819786590599 0.00596004032201867
Stock impact report

Canada loses 1.01 million jobs in March as COVID-19 pounds labor market [Reuters]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Reuters
Canada loses 1.01 million jobs in March as COVID-19 pounds labor market OTTAWA (Reuters) - Canada lost a record-breaking 1.01 million jobs in March while the unemployment rate soared to 7.8%, official data showed on Thursday, as the new coronavirus outbreak shuttered non-essential businesses and analysts warned the worst was yet to come. Statistics Canada said the data did not fully capture the extent of the job losses since the agency polled respondents before the crisis began to take its full toll. Analysts in a Reuters poll had forecast a loss of 350,000 jobs and an unemployment rate of 7.2%, up from the 5.6% seen in February. “Sticker shock for sure. This was about as bad as it could be given the weekly (unemployment) claims that have been divulged,” said Derek Holt, vice president of capital markets economics at Scotiabank. Officials across Canada have ordered non-essential businesses closed and Canadians are being asked to stay at home as much as possible to protect public healt Show less Read more
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