Canada loses 68,300 jobs in September, unemployment rises to 6.5%

Canada's economy shed 68,300 jobs in September, the biggest decline since February 2026, sharply missing forecasts for a 9,200 gain. The unemployment rate rose to 6.5% from 6.4%, with full-time jobs down 35,400 and part-time down 32,900. Participation fell to 64.8% and hourly earnings rose 2.3% year over year. The weak data could pressure the Bank of Canada to cut interest rates.

Detected & updated continuously · Source: Nebula