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Economist Leslie Preston of TD Bank wasn't so quick to move off the 2015 forecast on interest rates, although she conceded to being a "little surprised to see another solid month in hiring in October."

The 13,200 employment gain in Canada last month was almost dead on economists' expectations, with Quebec gaining most of the numbers.

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"That's the very good news here, that the drop below seven per cent wasn't a fluke Nike Huarache Black And White Red " said Doug Porter, chief economist with the Bank of Montreal. "The bottom line is there is still some underlying improvement in the job market."

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GDP report, and now job numbers, has revised talk of future easing off of the quantitative easing stimulus, known as tapering, coming sooner rather than later.

Still, the analyst noted that wage inflation remains benign and the economy continues to have plenty of slack.

On the positive side, there were 25,200 more full time employees during Nike Huarache Gold And Black

The comparison was not flattering to Canada, markets reasoned, selling down the loonie about one quarter of a cent to 95.34 in early morning trading. The strong American Nike Huarache White On Feet

But the big news came south of the border, where the Labour Department calculated 204,000 employment gains for the month, while also revising estimates for September and August by about 60,000 combined. partial shutdown. has been churning out about 200,000 new jobs for three months running, adding substance to Thursday's announcement that the American economy expanded by 2.8 per cent in the third quarter.

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the month, and the number of self employed Canadians fell. On the negative, the private sector laid of 22,100 jobs, while the gains 47,300 came in the public sector.

of higher interest rates.

In other economic news, the federal mortgage insurance agency said the annual pace of housing starts in Canada rose to 198,282 in October, a short term boost to the construction industry but well above what analysts believe is sustainable.

By industry, jobs increased in the accommodation and food services, health care and social assistance, and public administration industry, while business, building and other support services fell. Manufacturing, a key sector for Ontario and the country's export prospects, again struggled. For the past 12 months, the factory sector is now down 82,500 workers, the worst of any industry.

Still, October's numbers mean that the country has added 214,000 in a 12 month period, about the level of employment increase that economists believe is necessary to keep up with population and labour force expansion.

Unemployment rate holds steady at 6

Others noted that the details of the Canadian labour market report were at best mixed.

Canadian central banker Stephen Poloz last month revised downward his forecast for growth next year, while also pointedly moving to a neutral stance on the interest rates. finally come out of its doldrums. economy is indeed back on track," explained Porter.

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