Canada Adds 54,000 jobs; Unemployment hits 6.9%

Canada’s economy blew past expectations and added 54,000 jobs in December, as a surge in full-time work offset declines in part-time positions.

Employers created 81,000 full-time jobs and eliminated 27,000 part-time spots, reversing months of full-time declines and part-time increases.

The gains capped a tepid year for the country’s labour market, which has struggled to recover from the oil slump.

The jobless rate rose to 6.9 per cent from 6.8 per cent in November, according to Statistics Canada’s monthly labour report released on Friday.

Analysts polled by Bloomberg had expected a loss of 2,500 jobs.

GlobeandMail

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell