TORONTO (AP) — Canada's economy lost 30,400 jobs in July, pushing the unemployment rate up to 7.3 percent.

Statistics Canada reported the country's biggest decline since last October. The rate climbed from 7.2 percent.

Economists had been warning that employment growth was likely to moderate in the second half of 2012, but still expected a modest pick-up of about 6,000 new jobs for July.

Canada's dollar was down nearly half a cent after the announcement, falling to 100.35 U.S. cents