Canada's economy added nearly four times the number of jobs forecasted for December and reached its highest number in almost two years, shrinking bets for a rate cut later this month though one is still expected by the majority of economists.

OTTAWA — Canada added 91,000 jobs in December, shattering economist expectations. Statistics Canada’s labour force survey on Friday said the unemployment rate decreased 0.1 percentage points to 6.7 per cent,

Canada's economy added nearly four times the number of jobs forecasted for December and the unemployment rate surprisingly ticked down to 6.7%, data showed on Friday, giving the central bank breathing room to determine the pace of further rate cuts.