RPT-UPDATE 3-Surprise Canada job losses fuel rate-cut speculation, sink C$

Fri Jan 10, 2014 12:51pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* December job loss 45,900 vs forecast of 14,600 gain

* Jobless rate rises to 7.2 pct from 6.9 pct

* 2013 slowest year for hiring since 2009

* C$ hits four-year low

* Market players raise bets on a rate cut this year

By Louise Egan

OTTAWA, Jan 10 (Reuters) - Canada's job market suffered a surprise setback in December, finishing off the worst year for hiring since 2009, according to the latest in a string of weak data that has increased speculation about the possibility of an interest rate cut.

The economy lost 45,900 jobs in the month as full-time jobs disappeared over a broad range of sectors, Statistics Canada said on Friday in a report that sent the Canadian dollar to a four-year low.   Continued...