Statistics Canada announced today that Canada’s unemployment rate fell to a two-year low in May of 7.4 percent. All together, 22,300 jobs were created in May following April’s gain of 58,000 new positrons.
While the news is certainly positive, it is noteworthy that the number of self-employed positions were up sharply suggesting that many unemployed Canadians launched their own businesses in recent months.
Source: CBC News
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.