Canada adds 418,500 jobs in July, unemployment rate dips

OTTAWA, Aug 7 (Reuters) - Canada added 418,500 jobs in July, mostly in the part-time sector, and the unemployment rate fell to 10.9% as the economy continued to reopen, Statistics Canada said on Friday.

Analysts in a Reuters poll had predicted a gain of 400,000 jobs and for the unemployment rate to fall to 11% from 12.3% in June.

(Reporting by David Ljunggren; editing by John Stonestreet)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.