WRAPUP 1-Canada adds 63,300 jobs in September, many more than expected

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On a year-over-year basis, Canada gained 222,000 jobs since September 2017. The number of full-time positions declined by 16,900. Market expectations were for an increase of 25,000.

Stats Canada says September's gains were seen nearly entirely in Ontario and British Columbia, largely in construction, with little change in the other provinces.

Around 13,000 jobs were added in finance, insurance, real estate and rental and leasing, mostly in Ontario and Alberta. At the same time, employment fell in information, culture and recreation, and business, building and other support services.

The increase in jobs was driven largely by gains in part-time work, which saw a large boost of 80,000 positions.

"Following two very volatile months even for the LFS, the data was somehow able to surprise everyone once again", he wrote, noting the massive gain in employment likely are reflecting a catchup in the survey, which he wrote, had been "lagging other more reliable indicators of job creation".

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Unemployment in the region was recorded at 6 per cent in August.

Construction employed 17,700 in Greater Victoria in September, up from 14,500 in the same month past year.

September job numbers reinforce the likelihood of an October interest rate hike by the Bank of Canada, and keep a firm foundation on further moves in 2019, Porter said.

The agriculture sector also saw gains of about 9,000 jobs, offsetting continuous declines seen since May.

This marked the seventh straight month the unemployment rate was below five per cent, normally a sign of a healthy economy. Canada's trade deficit in July was just $189 million, but the gap had reached as high as $4.1 billion earlier this year.

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