Yahoo! News – American job data for January pushes stocks higher; C$ up almost 2/3 cent “Investors took solace in the creation of 112,000 jobs in America last month, the highest pace in three years. [T]he 112,000 jobs added in January was well below the 175,000 economists had hoped for.
But Scotiabank senior economist Andrew Pyle notes that “112,000 at least holds the trend”
Statistics Canada reported an increase of 47,000 full-time jobs last month, partly offset by a decline in part-time work, for a net gain of about 15,000 positions. Economists had expected 20,000.
The Canadian dollar was up 0.64 cent to 75.36 cents US after Statistics Canada said Canada’s unemployment rate was unchanged at 7.4 per cent. “