Agence France-PresseMarch 7, 2014 12:36
The Canadian economy unexpectedly shed 7,000 jobs in February as unemployment held steady at 7 percent, the government's statistics agency said Friday.
"There has been little overall employment growth in Canada since August 2013," Statistics Canada said.
Analysts had forecast the net creation of 19,000 jobs.
The loss comes as the Canadian economy started the year on a positive note by adding 29,000 jobs in January, almost twice as many was expected, helping the unemployment rate fall to 7 percent from 7.2 percent in December.