Canada’s economy lost 45,900 jobs in December and the unemployment rate rose to 7.2% from 6.9% in a surprising setback that may add pressure on the central bank to consider cutting interest rates.
The employment data released by Statistics Canada on Friday was the weakest since March 2013. The report also showed hiring in 2013 was the slowest since 2009, with year-on-year employment gains in December of just 0.6%, or 102,000.

The Canadian dollar weakened immediately after the jobs data to a session low of 91.62 U.S. cents.

"..we’re in a world where some manufacturing jobs that have left Canada and will never return.."©Justin Trudeau