Canada: Unemployment remained at 7.0% in February

The Canadian jobless rate during February matched January’s at 7.0, bettering estimates at 7.1%.

The Net Change in Employment rose to 50.7K from -21.9K previous and 8.0K expected, while the Participation Rate rose a tad to 66.7% from 66.6%.

The Labour Productivity rose 0.1% QoQ during the fourth quarter, bettering the prior print at -0.4% and surpassing estimates at 0.0%.