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Global markets: Canadian part time employment rises in 2016

By Commodity News Service Canada

WINNIPEG, January 6 – The following is a glance at the news moving markets globally.

– In 2016, Canada’s employment gains totalled 214,000 or 1.2 per cent, the fastest December-to-December growth since 2012. In comparison, employment grew by 155,000, or 0.9 per cent in 2015. Almost all of the increase in 2016 occurred from August to December.

Part-time employment trended up throughout 2016, rising by 154,000 or 4.5 per cent, while full-time employment was little changed. During the same period, the number of hours worked was virtually unchanged, Statistics Canada said in a report on Friday.

– Canada’s merchandise trade balance with the world recorded its first surplus since September 2014, moving from a C$1.0 billion deficit in October to a C$526 million surplus in November. Exports were up 4.3 per cent, on the strength of increased exports of metal and non-metallic mineral products as well as record exports to countries other than the United States. Imports were up 0.7 per cent, mainly on higher imports of energy products, Statistics Canada said in a report on Friday.

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