Forex Journal

Canada’s unemployment rate rose to a nine-month high in January as the trend of sluggish job creation that began in the second half of last year continued.

The jobless rate rose to 7.6 percent from 7.5 percent as employment increased 2,300 last month, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News had forecast unemployment to stay at 7.5 percent and 22,000 jobs to be added. Full Story