Low Graphics Site
White bar
.: Latest News :. .: News in Pictures :.
Dawn e-paper
Daily SectionMarker

Misc SectionMarker

Horoscope Recipes Weekly SectionMarker

Weekly SectionMarker



Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather




FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon TV Guide Cowasjee Ayaz Irfan Hussain Jawed Naqvi Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story

July 07, 2007 Saturday Jamadi-us-Sani 21, 1428





Canada labour market expands


OTTAWA, July 6: An estimated 35,000 jobs were added in Canada in June, following little change in the previous two months, Statistics Canada said on Friday, adding pressure on the Bank of Canada to hike interest rates soon.

Despite the gain, the national unemployment rate remained at 6.1 per cent for the fifth consecutive month, as more people entered the labour force in June in search of work, the government agency said.

But analysts pointed out that the economy is at full capacity and inflation recently inched above the Bank of Canada’s 2.0 per cent target.

“Job creation was double what the market had anticipated, the unemployment rate remains at a historic low and salaries are skyrocketing,” analyst Marc Levesque of TD Securities told AFP.

“So, I'm certain the Bank of Canada will hike interest rates next week.”






Previous Story Top of Page Next Story

Seprater
Contributions
Privacy Policy
© DAWN Group of Newspapers, 2007