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Here comes Canada's jobs report...

Feb 10, 2017, 18:48 IST

Canadian Rangers take part in an oil contamination cleanup exercise during Operation Nanook in Allen Bay in Resolute, Nunavut August 25, 2010. Operation Nanook is an annual joint exercise between the Canadian Maritime Command and Coast Guard in the Arctic.Chris Wattie/Reuters

The latest read on the Canadian labor market will be out at 8:30 a.m. ET.

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Economists forecast that that the Canadian economy lost 10,000 jobs in January, according to the Bloomberg consensus.

Last month, the labor market added 53,700, which was a huge surprise on the upside.

"Given the more moderate pace of recent GDP growth, we doubt that January's employment figure will be anywhere near as strong as the one in December," Capital Economics' David Madani wrote in a note ahead of the report.

Moreover, economists estimate that both the unemployment rate and the labor force participation rate will hold steady, at 6.9% and 65.8, respectively.

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The Canadian dollar is little changed at 1.3139 per US dollar as of 8:13 a.m. ET.

Refresh this page for updates at 8:30 a.m. ET.

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