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Canada loses 2M jobs in April due to pandemic shutdowns

May 08, 2020 8:59 AM ETiShares MSCI Canada ETF (EWC), FXC, BBCA, FCAN, HEWC, ZCAN, FLCAEWC, FXC, FCAN, HEWC, FLCA, BBCA, ZCANBy: Liz Kiesche, SA News Editor
  • Canada's labor market takes a beating, losing almost 2M jobs in April as non-essential businesses shuttered to slow the spread of COVID-19.
  • Brings cumulative employment losses since February to more than 3M.
  • The unemployment rate rose 5.2 percentage points to 13.0%, the second highest unemployment rate on record.
  • By contrast the rate ranged from 5.4% to 5.9% from March 2019 to February 2020.
  • ETFs: EWC, FXC, BBCA, FCAN, HEWC, ZCAN, FLCA

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