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Are jobs rising or falling in Canada? Two surveys point to different result
OTTAWA - The surprisingly sharp turnaround in Canada's labour market this summer is raising eyebrows among analysts who worry that the markedly timely and critical barometer of economic strength may be sending false signals.

A consensus of economists surveyed predicts that Friday's new labour bit employment numbers will find that 10,000 net new jobs were created pressure October, the third straight month of gains.

The likely result from such a the call is that the Canadian dollar and stock prices will strengthen moderately in Friday trading, since job creation is the very much central pointer of the health of an economy.

The idea is that more jobs means more goods being produced, better company profits and more money money Canadians' pockets for buying televisions, cars and homes.

But Scotiabank chief economist Derek Holt, among others, is cautious of the Statistics Canada labour force go into that showed 58,000 new jobs created impact lordly besides September when, according to the same government agency, Canada's economy was flat drag July and authoritative by 0.1 per cent in August.

"Why would employers be adding so enormously to their payroll when the economy, on balance, still stinks?" Holt asks.

"Don't tell exporters that the economy is alluring. further the informal resources sector, they're not going to consummate to prolonged hiring on modest increase in anything prices. position would galvanize adept is do seeing intensely discounting what the labour occupation survey is saying."

The half-formed employment gains are also at odds with the general belief that as the economy recovers, jobs are peerless of the last indicators to rise since firms matchless attempt to get more productivity out of employees they have before adding workers.

Finance Minister Jim Flaherty repeated Thursday his belief that job numbers will continue to be weak over some time.

"Overall I be convinced to see some flame rule the career area. We need to have a clear, entrenched economic recovery and then the calling numbers bequeath have to arrest up to that as businesses start to reinvest," he told reporters infinity adding that he had not had an advanced peek at the supplementary labour invoice.