An article in the Toronto Sun, citing Statistics Canada, said the economy lost almost 213k jobs in January as employment fell to the lowest level since August last year, wiping out the gains made in the fall. The unemployment rate rose 0.6 percentage points to 9.4, the highest rate since August. Financial data firm Refinitiv says the average economist estimate was for a loss of 47,500 jobs in January and an unemployment rate of 8.9. The job losses were almost entirely concentrated in Ontario and Quebec, and mostly in the retail sector as lockdowns and restrictions closed many businesses. This was the largest monthly decline since April.
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