This article was last updated on April 16, 2022
Canada: 
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The Canadian economy has, once again, shown signs of stabilization and a hope of recovering from its half-year funk by producing an astonishing number of 50,700 new jobs in February, majority of which are full-time, in the private sector and in Ontario. The mighty increase in the number of new jobs was ample to retain the current unemployment rate, while it had reached four-year low of 7.0 per cent, in spite of the fact that more than 60,000 Canadians had joined the labour force in the month, which is deemed as another good signal for the economy.
In comparison, Ontario generated the highest number of new jobs, i.e. 35,300, followed by British Columbia that added 19,800 new jobs. In contrary, Quebec showed the biggest decline in employment, as it lost 13,100 jobs. Economists had anticipated that February will be another weak month as majority indicators showed slow growth and January had already seen a straightforward decline of 22,000 jobs. It was predicted that February will merely add 8,000 new jobs, however, now markets are likely to be sustained by the results, especially since the economy has also had another good news on Thursday as a report showed that Canadian exports had also retained a good position in January.
In response to the two announcements, the Canadian dollar heightened a little as it increased up to 97.67 cents US, which is an increment of 0.53 cent from the Thursday close. The elaborative details revealed by the Statistics Canada’s employment report were almost as strong as the headline number.
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