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Newfoundland and Labrador's Unemployment Hits 9.9% Amid Stability

7/15/2025

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Summary

Story summary

Newfoundland and Labrador's unemployment rate reached 9.9%, the highest in Canada but still under 10%.
The central bank will announce its rate decision on July 30, with no changes anticipated.
Mortgage rates are expected to stay elevated, according to Larry Short of Short Financial.
The Canadian dollar remains strong, inflation is stable, and employment continues to rise.

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Story summary

Newfoundland and Labrador's unemployment rate reached 9.9%, the highest in Canada but still under 10%.
The central bank will announce its rate decision on July 30, with no changes anticipated.
Mortgage rates are expected to stay elevated, according to Larry Short of Short Financial.
The Canadian dollar remains strong, inflation is stable, and employment continues to rise.