Canada adds 15,000 jobs in February

Dhaka,  Tue,  23 May 2017
Published : 11 Mar 2017, 11:48:58
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Canada adds 15,000 jobs in Feb; jobless rate drops

Canada adds 15,000 jobs in February
Canada added more than 15,000 jobs in February, pushing the unemployment rate down to 6.6 per cent, Statistics Canada reported Friday.

A decline in the number of people looking for work also sent the unemployment rate down to 6.6 per cent from 6.8 per cent.

Economists said the figures were unlikely to alter the Bank of Canada's cautious stance, though some said they may make it more difficult for the central bank to continue to downplay recent strength in the labour market.

"The good times keep on rolling for the Canadian labour market and the quality of employment also looks a little bit firmer this month," said Nick Exarhos, economist at CIBC Capital Markets.

Employers added 15,300 jobs last month, Statistics Canada said on Friday, topping economists' expectations for 2,500. 

The gain was driven by a hefty 105,100 increase in full-time hiring, offseting a 89,800 drop in part-time positions.

The Canadian dollar strengthened against the greenback following the report, while the benchmark share index was up 0.3 per cent in early trade, according to Reuters.
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