The Canadian economy added 108,000 jobs in October, reversing much of the losses observed in recent months.
In its latest labour force survey, Statistics Canada said Friday that the unemployment rate for last month held steady at 5.2 percent as more Canadians looked for work.
The jobs gain comes after four months of job losses or little growth in employment.
It’s also at odds with bubbling fears that the Canadian economy is headed for a possible recession as interest rates rise.
“This jobs report checked all the boxes in terms of being a blowout report,” TD economist Rishi Sondhi said in a client note….