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December’s jobs report is a ‘mixed bag’ for the Bank of Canada. Here’s why

From globalnews.ca

The national jobless rate held steady at 5.8 per cent in December as employment was “virtually unchanged,” according to Statistics Canada. The agency said Friday that the economy added a total of 100 jobs for the final month of the year. BMO chief economist Doug Porter said in a note Friday that 100 jobs is roughly equivalent to one decently sized fast food outlet — an “imperceptible” gain. The result came as the number of full-time jobs fell by 23,500 in December, offset by a gain of 23,600 part-time positions in the month. The number of jobs in the professional, scientific and technical services sector rose by ... (full story)

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  • Category: Fundamental Analysis