The Canadian economy has announced the employment sector data during the month of February to show a slight reduction in the number of jobs less than expected, while the unemployment rate rose to its highest level in five months after it began to decline in crude oil prices in the negative impact on the employment sector in Canada.

The number of jobs in Canada during the month of February dropped by 1,000 jobs compared with expectations for a cut to the value of five thousand jobs, while the previous reading refers to the provision of new jobs worth 35.4 thousand jobs.

It is worth mentioning that the unemployment rate has risen to 6.8%, the highest level since September / September last, compared with the previous increase of 6.6% and was forecast to rise by 6.7%.

Decline in crude oil prices caused damage to many of the workforce in this sector companies which caused the reduction of these companies to the new employment plans for the demobilization of employment in order to work to support their budgets in light of declining corporate earnings.

The industrial sector was the largest sector saw a reduction in jobs, followed by the natural resources sector, while adding both education and the construction of new jobs sector.

Canadian Central Bank has cut interest rates during its previous meeting on the unexpected in light of the work to reduce the negative impact of lower crude oil prices on the performance of the Canadian economy, as well as work on the support of other sectors, notably consumer