Friday, July 9, 2010

Canada Economy Creates Surge of Jobs in June

(Reuters – Louise Egan)

Canada's economy created far more jobs than expected in June in a surprising sign of strength after a raft of discouraging data, fueling expectations the central bank will hike interest rates again this month. Statistics Canada said on Friday employment surged by 93,200 in June, adding to gains to nearly make up for the 417,000 jobs lost during the country's recession. Analysts in a Reuters poll had predicted an increase of 15,000 jobs after a moderate gain in May of 24,700 positions.

Read more here. Summary statistics and links to the data files are on the Statistics Canada website at Statistics Canada website.

Related: Exports, Spending Boost Ontario’s Economy (Toronto Star)