Canada’s employment grew strongly by 37k in January, well above expectation of 35k. Unemployment rate fell -0.1% to 5.7%, the first decline since December 2022, and below expectation of a rise to 5.9%. Participation rate fell -0.2% to 65.3%. Employment rate fell -0.1% to 61.6%, as population growth (+0.4%) outpaced employment growth (+0.2%). Average hourly […]
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