Canada: Bank of Montreal

Bank of Montreal: The 13,200 employment gain in Canada last month was almost dead on economists expectations, with Quebec gaining most of the numbers, according to 660 News. Thats the very good news here, that the drop below seven per cent wasnt a fluke said Doug Porter, chief economist with the Bank of Montreal. The bottom line is there is still some underlying improvement in the job market and OTTAWA Canadas economy eked out just enough new jobs to keep the unemployment at a five-year low but it was the U.S. labour performance that caught the eye of the market and revived talk of higher interest rates. That kept the national jobless rate at 6.9 per cent for the second consecutive month, the lowest since the start of the 2008-09 recession. (www.immigrantscanada.com). As reported in the news.