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Country Focus

Canada Jobs Beat Masks Fragile Momentum And Rising Risks

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Canada’s October jobs report beat expectations, but underlying details suggest momentum remains fragile. Employment rose 66k after a 60.4k gain in September, while unemployment unexpectedly declined to 6.9% from 7.1%. The participation rate edged up to 65.3%…

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