Canada shed 41,700 jobs in August against expectations for a gain of roughly 15,000, one of the sharpest misses of the year and a reversal from July's increase of more than 75,000 positions. The headline rate held steady only because the share of people actively looking for work also declined, meaning the flat reading is not a sign of hiring strength. Wage growth for permanent employees slowed to 2.0 percent from 3.0 percent, landing two days after the Bank of Canada signalled it could raise rates again if inflation persists.
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