OTTAWA – The Canadian economy, defying all predictions, created a record number of new jobs last month, giving Prime Minister Stephen Harper and the Conservatives fresh ammunition Friday to make their case that they are the best stewards of Canada’s economy.
Statistics Canada said Friday that, in September, the economy created 107,000 new jobs, defying predictions of economists who were expecting only one-tenth as many new jobs.
Statistics Canada said that it has never recorded such a large one-month gain since it first began collecting this data in 1976.
Wage growth was also strong, Statistics Canada said, an indication that those who have lost good-paying jobs in the still-ailing manufacturing sector, for example, have been able to find new jobs with comparable salaries.
Year-over-year wage growth stood at 4.6 per cent in September, well above the current rate of inflation, which is standing at 3.5 per cent.
When will this Prime Minister do something show he cares about this Great Depression soup lines Dirty Thirties R. B. Bennett thirty-year low in unemployment?