January 7, 2018

THANKS, DONALD!:

Canada's Unemployment Rate Lowest in 4 Years (Theophilos Argitis, 1/06/18, Bloomberg News)

Canada's unemployment rate plunged to the lowest in more than 40 years, suddenly raising the odds of a Bank of Canada rate hike this month.

The jobless rate fell to 5.7 percent in December, Statistics Canada said Friday in Ottawa, the lowest in the current data series that begins in 1976. The number of jobs rose by 78,600, beating expectations and bringing the full-year employment gain to 422,500. That's the best annual increase since 2002.

Posted by at January 7, 2018 9:28 AM

  

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