Wholesale and Retail trade jobs Canada added only 100 jobs for the month of December. They lost 23,500 full time jobs and replaced them with 23,600 part time jobs. I am not surprised as Canada has been in a recession for at least the second half of the year. I would not be surprised to see some negative prints in the months ahead.
Wholesale and retail trade which is highly sensitive to interest rates shed a total of 20,600 jobs. Productivity has declined for the last 6 quarters which is a horrendous outcome for Canada. No matter which way you wish to spin the narrative, it's not looking good.
https://globalnews.ca/news/10205704/statistics-canada-jobs-report-dec-2023/amp/