October added to the best three month span of Canadian job growth in four years, as the Canadian economy churned out 43,900 jobs last month, with the unemployment rate standing pat at 7%.
Another strong positive this morning out of the U.S. was wage growth measured at its fastest pace since 2009, which was right before it collapsed heading into the financial crisis.
These positive economic indicators this morning offer a little stability for what has otherwise been a choppy number of days for financial markets.
For Canada though, the tell all-statistic, courtesy of Bank of Montreal, is that Ontario, Quebec, and B.C. have contributed over 115% of Canadian net jobs created over the past two years.
The three aforementioned provinces producing 325,000 jobs, the other seven losing a net 43,000, illustrating where the action is in the Canadian economy.