StatsCan jobs report released

OTTAWA - The Canadian job market rebounded in August, gaining back much of the ground lost in a big drop in July.
Statistics Canada says the economy created 26,200 net new jobs in the month compared with a loss of 31,200 in the previous month.

However, even with the increase in the number of jobs the unemployment rate crept up to 7.0 per cent compared with 6.9 per cent in July as more people entered the labour force and started looking for work.

Economists had expected a gain a 15,000 jobs and the unemployment rate to hold steady at 6.9 per cent, according to Thomson Reuters.

The increase in the number of jobs in August was due to a gain of 52,200 full-time jobs, offset by a loss of 26,000 part-time positions.

The number of jobs rose in Quebec and Newfoundland and Labrador, while it was little changed in most other provinces except New Brunswick, where the number of jobs fell.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Investment Hot Spots:
Nanticoke, Golden Valley, Crediton, North Marysburgh, Lequille


Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?