Canadian Labor Market Bounces Back Strongly After Lockdowns (2)

Canada’s job market roared back to life faster than expected in June, reversing the bulk of employment losses from country-wide lockdowns earlier this year.

The economy added 230,700 positions last month, Statistics Canada said Friday in Ottawa, versus economists’ expectations for an increase of 175,000. The nation had lost 275,000 jobs in April and May as governments shut down parts of the economy to contain a third wave of Covid-19 cases.

The report is another signal of an imminent economic boom, and shows companies are prepared to rehire workers as pandemic restrictions are lifted. The results also reinforce expectations ...