MORE JOBS: The Canadian economy created 40,000 full-time jobs in December, driving the unemployment rate to its lowest in four years. Statistics Canada said Friday the unemployment rate slipped by one-tenth of a percentage point to 7.1 percent.
BETTER THAN EXPECTED: The results easily topped economists' estimates for a gain of 5,000 jobs nationally and an unemployment rate of 7.3 percent. November was also strong, with the economy creating 59,300 jobs.
GRAVITY DEFYING: "Canadian employment not only defied expectations in December, it also appears to be defying gravity," said Doug Porter, the Bank of Montreal's deputy chief economist.