Canada: Economy adds 54.7K jobs in December versus 27.5K median forecast

Canada added 54.7K jobs in December, above the 27.5K expected.
CAD saw some kneejerk strength, though conditions have been choppy.

Joel Frank Independent Analyst

The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time employment fell 67.7K. The unemployment rate fell to 5.9% from 6.0% in November, below expectations for it to remain unchanged.

Market Reaction

CAD saw kneejerk strength in wake of the latest Canadian jobs report, but trade has been choppy.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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