Canada’s economy posted its second-straight surprise job gain, making the labour market a lone bright spot for an economy in the middle of a sharp slowdown.
The much-stronger-than-expected labour market is the only thing giving policy makers comfort amid a run of bleak data in recent months. It’s a key reason why the Bank of Canada is sticking to its belief the economy will rebound and interest rates will likely head higher. Last week, Canada’s statistics agency reported the nation’s economy grew by just 0.1 per cent in the final three months of 2018. Most economists expect the sluggishness to persist in the first six months of this year, before growth picks up steam later in 2019.
The labour force increased by 55,100 in February, and is up by 159,000 so far this year. Canada’s jobless rate was unchanged at 5.8 per cent, even with the employment gains, because more people were looking for work.
Remind me why we need to expand the oil sands and twin the Trans Mountain pipeline, for the purpose of loading oil tankers to Asia?
Well that's gonna make a lot of cons whine even more.
THE WORLD LOVES Justin Trudeau !!
But but but scheer said we are done. WTF gives?
FUCKING dout it
Thanks JustinTrudeau
Lies.
on the news a lot of it is retail work....low pay!
Must be more lawyers hired by SNC-L and more spin doctors hired by Trudeau!
LOL Since Trudeau took over stats can when he was elected so much so that the head of it QUIT. I don't believe ANY stats coming out of Canada~
Lol! Part time jobs in TO and nowhere else...how conveniently time though...
This doesn’t really pass the smell test. I’d really like to see the details of these ‘jobs’.
Good signs
Yes call centers and government funded make-work programs are amazing aren't they? What a joke headline from National Post.
Thank you Liberal Party !
Thank Ford
In what sector/industry were jobs created? Usually this data is provided. No? Most jobs were reportedly in Ontario. But, again, what sector/industry? Where can I locate this data? Thx
OP-ED ALERT!! 🚔🚔🚔🚔
Propaganda gives!
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