Canada loses 51,600 jobs, led by Ontario's biggest drop in almost a decade Financial Post VIDEO
Eestlased Kanadas | 08 Sep 2018 | EWR
Canada loses 51,600 jobs, led by Ontario's biggest drop in almost a decade
Ontario lost 80,100 jobs in August, all part-time, the biggest decline since 2009
Bloomberg News
Theophilos Argitis
September 7, 2018
3:15 PM EDT
Canada’s economy unexpectedly lost 51,600 jobs, with wage gains slowing and Ontario recording its biggest employment drop in nearly a decade, removing any urgency for the central bank to accelerate rate hikes.
The nation’s largest province lost 80,100 jobs in August, all part-time, the biggest decline for Ontario since 2009. Nationally, the economy lost 92,000 part-time workers, though a 40,400 gain in full-time employment is one sign the labour market is firmer than the headline number suggests.
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