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Canada posts massive job gain, jobless rate nears 3-year low

(Reuters) -Canada posted a blockbuster job gain in February, easily beating expectations, while the unemployment rate dropped below its pre-pandemic level for the first time, data from Statistics Canada showed on Friday. The economy added a net 336,600 jobs, more than double the 160,000 analysts had forecast, that data showed. The jobless rate fell to 5.5%, its lowest level since 5.4% in May 2019, as Canada reopened from strict Omicron restrictions.

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