Global Markets: Canada adds nearly 67,000 jobs in January

By Commodity News Service Canada

WINNIPEG, Feb. 8 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– The Canadian economy added 66,800 jobs in January, according to a report from Statistics Canada. The jobs growth came in well above trade estimates. However, the unemployment rate also increased to 5.8 per cent, from 5.6 per cent the previous month, as more people were reportedly looking for work.

– The Canadian government has awarded U.S. defence giant Lockheed Martin the contract to design Canada’s C$60-billion warship fleet. Lockheed was officially selected in October, but ran into complaints from a rival bidder.

– Canada’s annual pace of housing starts slowed in January compared to the previous month, according to a report from the Canada Mortgage and Housing Corp. The seasonally adjusted rate came in at 207,968 units which was down from 213,630 in December. Analysts had anticipated an even larger decline.

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