OTTAWA – The Conference Board of Canada says it is looking for a rebound in job creation for February when the new employment statistics are published Friday.
The think-tank says its national help-wanted index jumped by the largest margin in almost two years in January with every province except Newfoundland trending up.
This suggests a major job boost in February, but given the roller-coaster results in the index the past few months, the Conference Board believes employment gains will be more modest.
It estimates about 29,000 jobs will be added in February, which would still be a strong result given that January saw a drop of 22,000.
The index suggests the strongest gains will come in Western Canada, particularly in Saskatchewan and Alberta.
The job estimate comes on the same day Home Depot announced a major hiring spree across the country.
Home Depot says it plans on hiring 6,700 full-time, part-time and seasonal positions, with 1,162 of those in Saskatchewan and Manitoba.
The company says it needs to increase staff to support anticipated sales growth this spring.
– With files from Global News
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