Chief Economist: Doug Porter

Doug Porter: The 13,200 employment gain in Canada last month was almost dead on economists' expectations, with Quebec gaining most of the numbers, according to CTV. "That's the very good news here, that the drop below seven per cent wasn't 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." OTTAWA -- Canada's 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.