Canadian dollar gets small boost from January job gains

Canada gained 29,400 jobs in January, which pushed down the unemployment rate 0.2 percentage points to seven per cent, according to the latest labour force survey released today by Statistics Canada.

The January increase was higher than the 20,000 new jobs that economists had expected and was a welcome turnaround from the 45,900 jobs lost in December.

“The trend is good and this is comforting as we plan the budget and plan modest steady job growth in Canada,” finance minister Jim Flaherty said in response to the new numbers.

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