OTTAWA (Reuters) - Canadian Finance Minister Jim Flaherty said on Tuesday he expects more job losses in coming months, after an unexpected employment gain in April.
“We’re looking at a general trend in the economy during the recession where we are going to have increasing job losses until we start to have economic growth recovering. That’s the reality,” Flaherty said in the House of Commons.
Flaherty denied that he had been flagging upcoming jobs data prior to the official release after seeing the numbers in advance -- an accusation made by an opposition legislator.
“I don’t comment on the employment numbers that are going to be released the next day. What I do -- I said on Thursday last week, for example, that I expected the numbers on Friday not to be good. In fact they were good.”
Reporting by Louise Egan