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8 Jan

Brisk Gains in the Job Market will keep the BoC Watchful!

General

Posted by: Jen Lowe

Brisk Wage Gains in December Will Keep The BoC Watchful
Today’s StatsCanada Labour Force Survey for December was a mixed bag and far more robust than the weak headline figure suggests. Total employment in Canada barely budged, rising by a mere 100 jobs in the final month of last year. However, the labour force participation rate fell, leaving the unemployment rate at 5.8%. Most economists had been expecting considerably more robust job growth and a rising unemployment rate.