It was announced by Statistics Canada on Friday, that about 25,000 jobs have been added by Canada's economy in May for a fifth successive month of service gains.

According to Government agency, the national unemployment rate, however, did not change at 8.1%, since more people came back to the employment market.

The job creation statistics drastically increased the expectations of analysts that 15,000 new jobs would be created in the month, after 109,000 new jobs were generated in May.

Now, the Bank of Canada is probable to carry on raising interest rates, after increasing its chief lending rate on Tuesday from a significant low to 0.50%. It is said that its sudden lending rate had stayed at 0.25% since April 2009.

On Tuesday, the Bank of Canada said that it remained vigilant about "the possibility of renewed weakness in Europe" and an "increasingly uneven" global economic recovery.

It has been said that the overflow into Canada from Europe's events has been restricted to a diffident decrease in commodity costs and some lessening of monetary state of affairs.

According to Statistics Canada, the private sector added 43,000 employees to its payrolls in May but there were 28,000 less freelance employees.