Canadian Employment Rises More-Than-Expected 50,700

Canada’s economy showed signs of strength today with gains in employment and housing, ending a week where the central bank delayed a plan to raise interest rates and the finance minister said slower growth is sapping revenue needed to curb deficits.

Employment rose by 50,700 last month, Statistics Canada reported today, more than double the highest prediction in a Bloomberg News survey of 22 economists. Canada and the U.S. both reported unemployment rates at four-year lows, suggesting demand from the country that buys three-quarters of Canada’s exports may be on the rise.