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Biggest Jobs Loss Since 2009 Tests Canadian Resolve on Rates

  • November decline of 71,200 jobs driven by private-sector
  • Weak report casts doubt on Bank of Canada wait-and-see stance
The Canadian economy lost 71,200 jobs in November.

The Canadian economy lost 71,200 jobs in November.

Photographer: Galit Rodan/Bloomberg
Updated on

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Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and setting up a test of the Bank of Canada’s resolve to hold off from lowering interest rates.