Surprising jobs numbers show Canadian labour is 'holding on': economist
BNN Bloomberg
Canada’s surprising job numbers for February show a resilient economy that has remained consistent over the past few months.
On Friday, Statistics Canada reported the Canadian economy added 41,000 jobs in February, as the nation’s unemployment rate ticked up to 5.8 per cent.
Brendon Bernard, senior economist at Indeed, said the figures are “really similar” to January’s, as unemployment ticks higher due to high levels of immigration.
“In general, big picture, it's consistent with the labour market holding on as we are continuing this period of economic uncertainty, but not deteriorating like I think some might have feared,” he told BNN Bloomberg in a television interview on Friday.
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