05-02-2016 15:22 via news.yahoo.com

Canada jobless rate hits two-year high, but trade outlook improves

By David Ljunggren OTTAWA (Reuters) - Canada lost 5,700 jobs in January and the unemployment rate edged up to a two-year high of 7.2 percent, in part because of further job losses in the oil-producing province of Alberta, underlining the economy's struggles with weak energy prices. Analysts polled by Reuters had forecast a gain of 5,500 positions and for the unemployment rate to stay at 7.1 percent. Statistics Canada said on Friday that in the year to January, employment increased by an anemic 1
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