The Globe and Mail reports in its Saturday edition that Canada's unemployment rate ticked down in January as the labour market added 76,000 jobs, beating economist expectations for the month and furthering speculation the Bank of Canada will not cut interest rates next month. The Globe's Jason Kirby writes that the jobless rate ticked down 0.1 percentage point to 6.6 per cent, marking the second straight monthly decline after peaking at 6.9 per cent in November, Statistics Canada reported Friday. Economists polled by Reuters had expected only about a third of those new jobs, and for the unemployment rate to rise slightly. "We've got an incredibly strong job market that's got some serious momentum behind it," Scotiabank economist Derek Holt told The Globe. "I think what this means is that there's a very, very high bar for the Bank of Canada to be contemplating any further rate cuts in the near term." Mr. Holt said the question is what is driving the strong numbers. He speculated perhaps the trade war rhetoric from U.S. President Donald Trump has shaken companies' confidence to invest, and in turn they're hiring more workers to meet production needs. "Maybe Donald Trump is making Canada's job market great again."