Students, recent immigrants hit hard by weakening job market, StatCan data suggests
Students who have been hunting for a summer job and recent immigrants looking for work have felt the brunt of the country's weakening labour market, Statistics Canada's latest employment report shows.
The federal agency’s July labour force survey released on Friday says the overall jobless rate held steady at 6.4 per cent last month as the economy shed a modest 2,800 jobs.
The employment rate, which measures the share of the population aged 15 and older that is employed, fell slightly as fewer people looked for work.
Canada's inflation rate cools in August but grocery prices continue to climb
Canada's annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb.
In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8 per cent compared with a year ago.
Still, the national year-over-year inflation cooled more than economists predicted.
The federal agency said transportation and shelter prices drove the deceleration in consumer prices.