We notice you are visiting from a U.S. Internet provider. 
07/12/2009 -
In what likely indicates an imminent increase in consumer spending power - and therefore credit card processing activity - the Canadian economy added 79,000 jobs in November to bring the unemployment rate down to 8.5 percent.Statistics Canada reported Friday that the unemployment rate decreased by 0.1 percent, as full-time employment grew by 39,000 jobs - the third consecutive month of gains - and part-time employment reversed two straight months of declines to grow by 40,000 jobs.
"Simply put, this was an inexplicably strong report, and points to a very strong pick-up in Canadian labour market activity in November," Millan Mulraine of TD Securities wrote in a note to investors, the Canadian Press reported.
This news was the latest in a series of indications that the recession has ended, following a 0.1 percent increase in real gross domestic product in the third quarter. The employment growth also lends evidence to the fact that strong domestic demand was what fueled the GDP growth, demonstrating that Canadians with better job situations seem to be reviving consumer spending from its lackluster levels.
As the economy continues to recover and consumers get back on their feet, it becomes even more important for Canadian businesses' merchant services to include multiple forms of payment processing - such as accepting credit, debit and prepaid cards - to cater to consumers as much as possible.
