Statistics Canada released the labour market data on Friday. Canada's unemployment rate climbed to 7.0% in May, from 6.9% in April. Analysts had expected the unemployment rate to remain unchanged.

The Canadian economy added 25,800 in May, exceeding expectations for a 25,000 gain, after a 28,900 decline in April. Most of the gains were in part-time work. The job growth in the private sector was flat.

Full-time employment slid by 29,100 in May while part-time jobs rose by 54,900.