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Here comes Canada's jobs report...

Mar 10, 2017, 18:32 IST

Workers walk through a newly opened Toyota automobile assembly plant in Woodstock, about 130 km (81 miles) southwest of Toronto, Ontario, December 4, 2008. Toyota Canada Inc cut the ribbon on a new C$1.1 billion ($859 million) assembly plant in Woodstock, Ontario on Thursday, bringing about 1,200 new jobs to a sector that has been losing jobs rapidly. The plant is assembling the RAV4, a compact sports utility vehicle, and will produce up to 100,000 vehicles a year in Woodstock, a small city of around 36,000 people, known for its tree-lined streets and Victorian homes, about 140 kilometers (88 miles) southwest of Toronto.Mark Blinch/Reuters

The latest read on the health of Canada's labor market will be out at 8:30 a.m. ET.

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Economists forecast that the labor market added 2,500 jobs in February and that the unemployment rate held steady at 6.8%.

During the previous month, Canada's labor market added 48,300 jobs, far better than expectations of a 10,000 loss.

Employment rose most among core-aged men and women - aka those in the critical age bracket of 25 to 54. However, many of those jobs were in part-time positions.

"Overall, recent employment data provide further evidence confirming the recovery in the economy from the oil price shock," David Madani, the senior Canada economist at Capital Economics, wrote after last month's job report crossed.

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The Canadian dollar is little changed at 1.3510 against the US dollar as of 7:57 a.m. ET.

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

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