The job growth was powered by the goods-producing sector
Full-time employment rose by 38,400 jobs, while the number of part-time jobs fell by 3,200
BoC deputy governor cites on-target inflation and strong job market
Economists had expected an increase of 2.1%
Unemployment rate hit record low at 5.4%
Federal debt as a percentage of GDP is expected to be 30.7%
Canadians owed nearly $1.78 in credit market debt for every dollar of household disposable income
Growth in household spending slowed to 0.3% in the quarter
Inflation report comes ahead of the Bank of Canada’s interest rate decision next week
12 of 20 sectors gained ground as the manufacturing sector grew 1.2%