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Canada Expected to Add 13,600 Jobs in October as Unemployment Holds Steady
Canada is expected to add 13,600 jobs in October as the unemployment rate holds steady
Key points
- The Canadian economy lost 68,000 jobs in September.
- The unemployment rate rose a 10th of a percentage point to 6.5 per cent in September.
- The Bank of Canada raised its key interest rate last week.
Why it matters. Readers will see whether September's job losses continue, as the economy faces trade-war headwinds with the United States and the Bank of Canada has raised rates to limit inflation risk.
Statistics Canada releases its October labour force survey today, and a Reuters poll of economists expects a gain of 13,600 jobs. The economy lost 68,000 jobs in September, when the unemployment rate rose a 10th of a percentage point to 6.5 per cent. The Bank of Canada raised its key interest rate last week to curb the risk that high energy prices spill over into generalized inflation.
Latest updates
Canada Expected to Add 13,600 Jobs in October as Unemployment Holds Steady
Economists polled by The Globe and Mail expect Canada's economy to add 13,600 jobs in October. They also expect the unemployment rate to remain unchanged. Statistics Canada is set to release its labour force survey for October on November 6, 2026. The Canadian economy lost 68,000 jobs in September, and the unemployment rate rose by a tenth of a point. The economy has faced headwinds from the escalating trade war with the United States.