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If the trend in growing job numbers continues, analysts believe Bank of Canada governor Mark Carney may begin raising interest rates after signaling his intent to do so last month. But some analysts still believe Carney will remain on the sidelines throughout 2012, given the instability of the global economy, particularly in Europe. There is also concern the economy may not be able to produce such sizable gains in the near future. "With this report, the lull of last winter has been all recovered and employment is right back to its trend. Thus, further improvements of this size are highly unlikely," said Jimmy Jean, economic strategist with Desjardins Economic Studies.
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