Employment gains slow in Canada

(June 8, 2012) -- "The expected slowing in the pace of job creation in May signalled only that, after the hiring spree of March and April, the labor market took a breather," said Desjardins. "Conditions in Canada's labor market are solid and will be one of the supports for faster growth going forward even in the face of the unravelling in Europe and attendant downside risks to the global economy."