Canada’s unemployment rate in May at almost 9-year high

[Nink]

And of course the finger pointing is never inward, only, as ever, outward. South the be precise.

Canada’s unemployment rate in May at almost 9-year high outside pandemic years

Canada’s unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday.

www.bnnbloomberg.ca

 

[the_pamplemoose]

Nothing a few million more gimmiegrants can't fix!

 

[Trudeaus coke dealer]

Have we tried blaming Donald Trump first?

 

[Hirudinea]

We'll do both of course, our government is on top of this.

 

[Trudeaus coke dealer]

@Hirudinea for a minute there I was worried. Good to see elbows hard at work.

 

[Hirudinea]

And of course the finger pointing is never inward, only, as ever, outward. South the be precise.

Canada’s unemployment rate in May at almost 9-year high outside pandemic years

Canada’s unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday.

www.bnnbloomberg.ca

Nink
Million more pakis oughta solve that.

 

[Nink]

A Canadian dollar index that measures the CAD across a basket of currencies. The downward trend is clearly all the orange man's fault.

Our money is in a much worse position than the bottom of the 2008 recession where Canada was held up as being "strong" and "resilient".

At the very least the RSI is showing divergence but we're not out of trend just yet as we flirt with a support line made resistance line.

This doesn't look good.

 

[Jack Layton]

Loonie only benefits from foolish decisions and crisis in the US, otherwise good as Monopoly money

 

[Nink]

Fundamentals are surely noteworthy but technical tell a tale the fundamentals don't quite spell out.

 

[Nink]

LOL This is an interesting cross to look at. I predict the CAD bleeding to the Rupee as it bleeds to the rest of the world's currencies though it's still a little early.

 

[DisobeyTyranny]

Economy

U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2% https://www.cnbc.com/2025/06/06/jobs-report-may-2025.html​

 

[Nink]

LOL



View: https://x.com/mindingottawa/status/1930593022879678771

 

[border_humper]

We’ll just print some more.