Canadian economy

Canada’s economy created more jobs than expected in November, but the unemployment rate stayed at 6.9 percent.

Most of the jobs were part time, and while the jobless rate has improved by .3 percentage points this year, the gains are mostly because of reduced participation rate.

The Canadian economy grew at 2.7 percent in the third quarter.

U.S. unemployment fell to seven percent from 7.3 in October with an uptick in higher wage jobs.

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