“You always have to be a little bit careful about reading too much into any single Canadian employment report,” said Douglas Porter, BMO’s chief economist.
The number of employees in the private sector also increased last month, with job gains made across industries.Wages continued to grow at a year-over-year pace above 5.0 per cent for the seventh consecutive month, with wages up 5.1 per cent.Employment among youth aged 15 to 24 rose in December, fully recouping job losses experienced between July and September.
The central bank has raised interest rates aggressively in hopes of bringing down the pace of price growth and cooling the economy..
These job numbers are misleading. Also job data can change quickly month to month. Bank of Canada has already gone too far with rate hikes. It takes time but it will result in recession. Increasing rates further will be an extremely bad move. cdnpoli onpoli mortgage housing
'To immigrants'
The Canadian economy has lost 1.3 million jobs so gaining 100,000 part-time jobs does nothing for the economy … spew your BS TorontoStar EconomicCrisis DefundGlobalism DefundCBC
These new jobs that liberal media will try to brag about are part time and for minimum wage. Don't be proud of that liberals.