Blame Ontario Minimum Wage Hike for Canada Job Plunge. Or Not.
- Canadian economy lost record 137,000 part time jobs last month
- ‘Proving causality may be contentious:’ Scotiabank’s Holt
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The biggest question from Friday’s disappointing Canadian employment report is how much can be traced to Ontario’s sharp minimum wage increase last month.
Canada’s economy lost 137,000 part-time jobs in January, a record monthly decline, led by a drop of 59,000 in Ontario, which was also a record. Ontario saw a net loss of 51,000 jobs.