The Canadian economy churned out a better-than-expected 69,200 jobs last month, far ahead of economist expectations. The business and agriculture sector along with public sector added to payrolls.
Canada now has recovered all the jobs lost during the recession. We're the only G7 country that can make that claim.
Despite the gains, the unemployment rate actually rose to 7.8 percent in January from 7.6 percent a month earlier as more people joined the labour market looking for work, according to Statistics Canada.
The economy has grown by 327,000 jobs in the past year.
Economists had expected 15,000 new jobs would be added with the rate remaining at 7.6 percent.
Source: CFRA News