Canada added 90,900 jobs in December, well above the 25,000 increase that was expected. The monthly increase was the largest since January 2023.

• The unemployment rate was projecting to rise to 6.9%, but it actually ticked down by -0.1 ppt to 6.7%. Full time employment increased 57,500, and part time employment grew 33,500.
• Despite the increase in employment, average hourly wage growth slowed from 3.9% YoY in November to 3.7% YoY in December.