The unemployment rate in Canada fell to 5.6 percent in December of 2019 from 5.9 percent in the previous month and below market expectations of 5.8 percent. The economy added 35.2 thousand jobs, driven by gains in full-time work (+38.4 thousand). Meantime, the labour force participation rate fell to 65.5 percent from 65.6 percent in November, below market consensus of 65.7 percent. During the year, the unemployment rate declined to a record low of 5.4 percent in May.

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