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Story summary
- Canada added 88,000 jobs in May 2026, lowering unemployment to 6.6% from 6.9%.
- Construction added 27,000 jobs while wholesale and retail lost 35,000 positions.
- Employers generated 154,000 full-time jobs, with the private sector adding 54,000.
- Manufacturing added 15,000 jobs while youth unemployment fell.
- Average hourly wages rose 3.0% in April, down from 4.5% in May, prompting expectations the Bank of Canada will keep its policy rate unchanged at the next meeting.
