OTTAWA (Reuters) – Canada gained a higher-than-expected 35,200 net jobs in December, entirely in full-time positions, while the unemployment rate fell to 5.6%, official data showed on Friday, figures that could ease some concerns about the strength of the Canadian economy. FILE PHOTO: A woman walks past a “Help wanted” sign at a retail store in Ottawa, Ontario, Canada, November 2, 2017. REUTERS/Chris Wattie Analysts in a Reuters poll had forecast a gain of 25,000 jobs in December and an unemployment rate of 5.8%. Wages for permanent employees rose by 3.8%, Statistics Canada said, lower than the 4.4% gain seen in each of the previous two months. Canada shed an unexpected 71,200 net jobs in November, the biggest decline since 2009, while the national unemployment rate rose to 5.9%. “It’s a decent rebound,” said Andrew Kelvin, chief Canada strategist at TD Securities. “It should put some of the immediate fears around the Canadian economy not to rest, but certainly make them a little bit less intense,” he added. The Canadian dollar strengthened after the jobs gain, touching 1.3032 to the U.S. dollar, or 76.73 cents U.S. The Bank of Canada has held its overnight interest rate steady since October 2018… Read full this story
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