NEW YORK — Canada will add 1.2 million new jobs in the cobra market over the next three years as the world’s biggest trading partner with a global market value of $1.6 trillion and a burgeoning industry of cobra brokers looking to fill the void left by the industry’s closure.
The job creation is expected to come on top of the 1.3 million Canadian jobs that will be added to the cobreas trading operations in Canada and the United States this year, according to a statement from the country’s Competition Bureau.
Canada is the world leader in cobra trade, and is expected by analysts to grow its cobra business by 2.3% to 4.9 million jobs this year and 3.2% to 5.9 billion in 2020, it said.
The bureau did not provide any details on the jobs numbers or their projected cost.
Canadian stocks rose on Thursday, as investors speculated that the United Kingdom, which voted to leave the European Union, will step in to fill a cobra gap left by cobra withdrawals.
The U.K. economy will expand 2.4% in 2020 to about 4.6 million jobs, while Canada’s will expand 0.7% to 3.3 billion.