MODEST JOB GROWTH
Job growth resumed in September after three months of stagnation but the increase, while enough to nudge the jobless rate down a notch to 6.4 per cent, was modest and all part-time. In fact, there was a loss of 15,000 full-time jobs, which was offset by the creation of 31,000 part-time positions, the Statistics Canada report Friday shows. “An end to the string of job losses is a clear relief,” said BMO Capital Markets economist Douglas Porter. The Bank of Canada, in a separate report, said its fall survey of the mood of Canadian businesses show their hiring plans have risen modestly, and remain positive across all sectors and regions, suggesting further job growth in the months to come.“In the goods-producing sector, the balance of opinion on employment is particularly high relative to historical experience,” the bank reported.