5 January 2018

Such an optimistic report also made investors raise their odds for a rate increase by the central bank from less than 50% to 70%.

Last month’s results finish the job market data for the previous year, which was the best for Canadian employment since 2002. In 2017, there were 423,000 jobs added.

Most of the positions created in December were part time, however in case we take the whole year, we’ll see that 394,000 of them were reported in the full time sector.

Scotiabank economist Derek Holt says it’s another incredibly strong employment report with over 150,000 new jobs in two months. He also underlined strength in full-time work and private sector jobs.

“The job market is showing strong activity in Canada,” – Holt told his American readers.