Canada's Unemployment Rate Rises to 6.7 Percent in October
Canada's unemployment rate climbed to 6.7 percent in October, up from 6.5 percent in September, government data shows. The increase was largely fuelled by 33,000 additional people actively seeking work, according to the latest Statistics Canada Labour Force Survey. “This marked a second consecutive monthly increase in the unemployment rate,” StatCan said. “The unemployment rate [...]
Canada’s unemployment rate increased to 6.7 percent in October, a rise from 6.5 percent in September, due to 33,000 more individuals actively seeking employment. This marks the second consecutive monthly rise in the unemployment rate, though it remains below the recent peak from April 2026. Contrary to economists’ forecasts of job growth, the Canadian economy lost a net of 4,700 jobs in October, following the shedding of 110,000 jobs in August and September.
- Canada’s unemployment rate rose to 6.7% in October, up from 6.5% in September.
- An increase of 33,000 individuals actively seeking work contributed to the rise.
- This is the second consecutive monthly increase in the unemployment rate.
- The economy lost a net 4,700 jobs in October, defying economists’ predictions of job gains.
- The labor market has weakened recently, with 110,000 jobs lost in August and September combined.
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