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Canada adds 48,300 jobs in January

Jobless rates in Canada dropped to 6.8 percent after the economy added 48,300 jobs in January, according to Statistics Canada. This increase includes both part- and full-time positions, said Paul Ferley, Assistant Chief Economist with Royal Bank of Canada. The report, he added, will result in the probability of any near-term easing of the Bank of Canada quite considerably. Doug Porter, Chief Economist with BMO Capital Markets, agrees that rising participation and the falling unemployment rate is a nice combination and sends a convincing signal that the economy is starting to improve.

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Posted Under: Canada, International

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