Canada: Unemployment Rate jumps to 5.4% in August vs. 5% expected

The Unemployment Rate in Canada rose to 5.4% in August from 4.9% in July, Statistics Canada reported on Friday. This reading came in worse than the market expectation of 5%.

Further details of the publication revealed that the Net Change in Employment was -39.7K, compared to the market expectation of +15K. 

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