Canada employment grew 10.1k, unemployment rate dropped to 5.1%

Canada employment grew 10.1k in November, slightly below expectation of 10.5k. Unemployment rate dropped from 5.2% to 5.1%, below expectation of 5.3%. Participation rate dropped -0.1% to 64.8%. Average hourly wages was up 5.6% yoy, staying above 5% level for the sixth consecutive month.

Full release here.