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Canada Employment Preview: Forecasts from five major banks, Unemployment Rate to tick higher
Canada’s employment data for February will be reported by Statistics Canada on Friday, March 8 at 13:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming jobs figures. The North American economy is expected to have added 20K jobs following a solid 37.3K increase in January. Meanwhile, the Unemployment Rate is seen rising a tick to 5.8%, which would match the cycle high. RBC Economics: We expect February labour market data to show another gain in employment of 10K. It will however not be large enough to prevent an increase in ... (full story)