Canada posts record monthly job losses

OTTAWA - The Canadian economy lost a startling 129,000 jobs in January, almost all full-time positions and a record single-month total, Statistics Canada reported Friday.

This brings the cumulative total for the last three months to 213,000 and pushes the unemployment rate to 7.2% from 6.6%. "This is a bad report all across the range," said Derek Holt, vice-president of economics at Scotia Capital. "The time to be an optimist falls by the wayside with a report like this."The single-month record...

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