January 21, 2010 / 5:11 PM / 9 years ago

Bank of Canada says still slack in the economy

OTTAWA, Jan 21 (Reuters) - Canada can expect gradual improvement in the unemployment picture going forward, Bank of Canada Governor Mark Carney said on Thursday.

He said the deterioration of Canada’s labor market appears to have stopped, though there is still slack in the broader economy and job market.

Earlier this month, data showed the Canadian jobs recovery stalled in December, while the unemployment rate remained unchanged at 8.5 percent. (Reporting by Louise Egan; Writing by Ka Yan Ng; editing by Peter Galloway)

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