Canada Unemployment Rate 2024 Forecast. As the canadian economy moderates, the unemployment rate is expected to rise to a peak of 6.5 per cent in the fourth quarter of this year and average 6.3 per cent in 2024 (compared to, respectively, 6.5 per cent and 6.4. Employment in canada increased by 50.50 in november of 2024.

Employment in canada increased by 50.50 in november of 2024. This is the implied policy rate path that is run through the staff projection.