Canada: Unemployment rate fell to 7.0% in January

Canadian jobless rate dropped to 7.0% during January, beating the median at 7.2% and down from December’s 7.1%. The Net Change in Employment fell decreased by 21.9K vs. +5.0K forecasted and +39.8K prior.

The Participation Rate eased to 66.6% vs. 66.8% in the previous month.