FX.co ★ Canada Unemployment Rate Rebounds From 3-Month Low

In March 2025, Canada's unemployment rate rose to 6.7%, up from the three-month low seen in February, aligning with market forecasts. The period witnessed an increase of 36,100 in unemployed individuals, bringing the total to 1,509,000. This rise corresponded with a decline in the labor force, leading the participation rate to decrease by 0.1 percentage points to 65.2%, marking a five-month low. As a result, net employment fell by 32,600 from the previous month, reaching 20,962,000, significantly missing market predictions, which had anticipated an increase of 12,000 jobs.