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Mark Carney proposes $6 billion to tackle unemployment - The market expects rates to worsen

Mark Carney proposes $6 billion to tackle unemployment - The market expects rates to worsen
Mark Carney is betting big on skilled trade jobs to help ease Canada's unemployment problem. His Team Canada Strong initiative pledges $6 billion toward apprenticeships, wage boosts, and training support, but markets suggest Canadians should not expect the unemployment rate to fall below 6.5% anytime soon.
Written by
Benjamin Van Huffel
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Updated: Jun 3, 2026
