Canadian economy added 150,000 jobs in January; unemployment rate at 5%

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Canadian economy added 150,000 jobs in January; unemployment rate at 5%
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Job gains were made across sectors, with wholesale and retail trade experiencing the largest gains to employment

The Canadian economy has been on an upward trend with employment since September, adding a total of 326,000 jobs. That’s despite forecasters anticipating higher interest rates will slow the economy down significantly this year and weigh on employment.

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