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Canada produced another stellar month of job gains in October, with signs of tightening that include stronger wage increases and a surge in full time employment.Highlights of Statistics Canada October Jobs Report Employment increased by 35,300 (est. 15,000)Full time jobs were up 88,700 versus a 53,400 decline in part time jobsAverage hourly pay gains hit 2.4 per cent, the fastest since April 2016The data reveal the expected slowing of Canada labour market has yet to materialize, with the biggest increase in full time employment over the past two months on record potentially casting doubt on the Bank of Canada contention there remains enough employment slack to keep producing non inflationary growth.Canada economy blows past expectations with gain of 35,300 jobsCanada's economy just came back to earth with a bumpIt's all downhill from here for the Canadian economy for the next five years, PBO warnsindicators for Canada have been decelerating, but you wouldn know it looking at the labour market, where employers are still beefing up their workforce, Avery Shenfeld, chief economist at Canadian Imperial Bank of Commerce, said in a note to investors.The country has now produced job gains for 11 consecutive months the longest streak in more than a decade. While there is across the board strength, nowhere is it more evident than in the number of full time jobs being created.Growth may be cooling into the second half of the year, but no one told the labour marketNick Exarhos, CIBC EconomicsThe country added 88,700 full time jobs in October, and 200,700 over the past two months.
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