Canada's economy lost 63,000 jobs last month, the first time the job market has contracted since the dark days of March and April, when COVID-19 was just starting. On net, all of the lost jobs in December were in the service sector, with the food and accommodation sector standing out with 56,700 lost jobs, due to so many restaurants having been shuttered. "Nonetheless, it's clear once again that the job market can't recover amid a raging pandemic." If that trend continues, that's a bad omen for the job market from here on out, Nord said. Canada's numbers for December are broadly in line with the U.S., where the job number was also about twice as bad as expected, at 140,000 jobs lost.

Source: CBC News January 08, 2021 13:50 UTC