Canada: Labour market steadying with modest improvement – RBC
The post Canada: Labour market steadying with modest improvement – RBC appeared on BitcoinEthereumNews.com. Royal Bank of Canada (RBC) economist Nathan Janzen notes that Canadian labour markets showed further signs of stabilisation in June, following a stronger improvement in May. Employment rose modestly, while per-worker conditions improved and the unemployment rate edged down to 6.5%. Janzen highlights softer population growth, firmer economic data and lower U.S. tariff rates as supporting factors, and expects further unemployment declines later in 2026. Labour data supports gradual recovery view “Canadian labour markets showed further signs of steadying in June after a larger improvement in May.” “The employment increase itself in June (+18k) left the measure still down 6k on net for the year.” “But we continue to think that slower employment gains should be expected given a sharp slowing in Canadian population growth.” “Critically, controlling for changes in the demographic backdr