Canadian Job Growth Stalls in December While Wages Rise
- Canada's job growth stalled in December with only 100 net new positions added
- Unemployment rate held steady at 5.8% even as labor force grew due to immigration
- Wage growth accelerated to 5.4% annually, raising concerns about inflation
- Job gains in professional services offset by declines in retail, manufacturing and agriculture
- Contrasts with stronger US job growth, reinforcing case for Bank of Canada rate cuts