Some impressive job creation numbers out of Washington in the last half hour. The same cannot be said for Ottawa.
Here in Canada, an extra 22,000 jobs were created in November but 20,000 of those jobs are part-time only a handful of full-time jobs. The rate of unemployment remains at 6.9 percent.
South of the border the American economy added 203,000 jobs in November. That's 23,000 more than economists had predicted. The jobless rate is at 7 percent which is the lowest rate in five years.
This better than expected job growth in the U.S. sets the stage for a possible move next week by the Federal Reserve Board to ease up on its economic stimulus. Stock markets have been quite uncertain because of this possibility because it could lead to higher interest rates. That runs the risk of putting a drag on the economy at a time when it is finally starting to roll.