BMO Capital Markets: Unemployment Rate

unemployment rate: The countrys unemployment rate also rose to 7.2 per cent from 6.9 per cent in November -- making Canadas unemployment rate higher than in the United States, which had an unemployment rate of 6.7 per cent, according to CTV. However, Porter said he believes the Bank will need to see more than one month of economic underperformance before considering a rate cut and Economists had projected a gain of about 14,000 jobs in December, but Canada instead shed a surprising 45,900 jobs last month, Statistics Canada said Friday. BMO Capital Markets chief economist Douglas Porter said in a report Friday that the dismal jobs data will place pressure on the plummeting Canadian dollar, and increase the possibility of a rate cut by the Bank of Canada. (www.immigrantscanada.com). As reported in the news.