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Statistics Canada released the labour market data today. Canada's unemployment rate dropped to 6.8% in September from 7.0% in August. That was the lowest level since December 2008.
Analysts had expected the unemployment rate to remain unchanged at 7.0%.
The number of employed people jumped by 74,100 in September, exceeding expectations for a rise of 20,000, after a 11,000 fall in August.
69,300 full-time jobs were added to the economy in Canada. That was the biggest surprise.
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