Canada Unexpectedly Sheds Jobs as Unemployment Rate Hits 16-Month Low
Canada lost 24,800 jobs in January while the unemployment rate fell to 6.5 percent. Manufacturing losses in Ontario led the decline as hourly wages also fell.
Statistics Canada reported on Friday that Canada 
CA lost 24,800 jobs in January, a figure that was unexpected versus analyst forecasts. Despite the net loss in employment, the national unemployment rate fell to 6.5%, reaching a 16-month low. This decline in the unemployment rate was primarily driven by a labour force decline, as fewer people were actively looking for work during the month.
CA lost 24,800 jobs in January, a figure that was unexpected versus analyst forecasts. Despite the net loss in employment, the national unemployment rate fell to 6.5%, reaching a 16-month low. This decline in the unemployment rate was primarily driven by a labour force decline, as fewer people were actively looking for work during the month.
