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Canada adds 76,000 jobs as unemployment slips
Canada posted 76,000 new jobs in January with the jobless rate down 0.1 point to 6.6 percent, driven by gains in manufacturing and full time work while the public sector shed 8,400 positions. Economists say the stronger data may delay a Bank of Canada rate cut, with inflation easing to 1.8 percent in December and due January figures due mid-February. The report notes cross border tensions with the United States and potential impact on hiring, with analysts split on the pace of future rate moves. Thunder Bay held at 5.1 percent in January.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Bank of Canada
Statistics Canada
Thunder Bay
Reuters
Derek Holt
Scotiabank
Holt
U.S
Donald Trump
Ontario
Trump
ABC
Nathan Janzen
Andrew Grantham
Cibc Capital Markets