The Canadian economy added 108,000 jobs in October, reversing much of the losses observed in recent months.
In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 per cent as more Canadians looked for work.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Desjardins chief economist Jimmy Jean said although the report beat out expectations by a lot, the economy is still expected to slow considerably in response to rising interest rates. However, with the annual inflation rate at 6.9 per cent in September, many Canadians have lost purchasing power over the last year.
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Canadian economy adds 108,000 jobs in October, unemployment holds steadyThe Canadian economy added 108,000 jobs in October, reversing much of the losses observed in recent months.
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