Canada adds jobs in November, but weakness persists

By David Ljunggren

OTTAWA (Reuters) – The Canadian economy added 10,700 jobs in November and the jobless rate fell to 6.8 percent, but the strength was undermined by signs of deterioration in job quality and in Canada’s long-suffering resource sector.

The rise in employment bucked analysts’ forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations that the Bank of Canada will keep interest rates unchanged next week and for all of 2017.

Canada’s economic recovery has been hampered by a two-year slump in the price of oil, low business investment and disappointing nonenergy exports. Analysts said even the …
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