Economists had expected the addition of 8,000 jobs and an unemployment rate of 5.7 per cent, according to Thomson Reuters Eikon. The Bank of Canada has been monitoring wage growth ahead of its interest-rate decisions as it tries to determine how well indebted households can absorb higher borrowing costs. The Bank of Canada has expressed confidence that wage growth will pick up its pace. Canada added 30,900 full-time jobs last month and 36,000 part-time positions, the report said. Variability between provincesWhile the unemployment rate averaged 5.8 per cent nationally last month, there was significant variation in joblessness from province to province.

Source: CBC News February 08, 2019 13:41 UTC