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Canada: Unemployment Rate Rises to 9.4% in January

Adel 5 February, 2021 5:59 pm Breaking News, Market Update

The Unemployment Rate in Canada rose to 9.4% in January from 8.8% (revised from 8.6%) in December with the Net Change in Employment declining more than 212,000 (vs -47.5K expected), the data published by Statistics Canada revealed on Friday. This reading came in worse than the market expectation of 8.9%. 

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