RBC: Canadian Labour Market Stabilising with Modest Improvement

RBC economist Nathan Janzen reports that Canada's labour market continued to stabilise in June, building on a stronger improvement seen in May.

Employment rose modestly during the month, while per-worker conditions also improved. The unemployment rate edged lower, suggesting the job market is gradually firming.

The data points to a steadying trend after earlier fluctuations, though the pace of improvement remains moderate.