CANADA LOSES 68,300 JOBS IN SEPTEMBER, FAR WORSE THAN EXPECTED Canada's economy shed 68,300 jobs in September, sharply missing forecasts for a 9,200 gain. The unemployment rate rose to 6.5%, while both full-time and part-time employment declined. The services sector lost 52,300 jobs, with labor force participation falling to 64.8%. Meanwhile, annual wage growth accelerated to 2.3%, complicating the inflation outlook.
— *Walter Bloomberg (@DeItaone) October 9, 2026
CANADA LOSES 68,300 JOBS IN SEPTEMBER, FAR WORSE THAN EXPECTED
Canada's economy shed 68,300 jobs in September, sharply missing forecasts for a 9,200 gain.
The unemployment rate rose to 6.5%, while both full-time and part-time employment declined.
The services sector lost 52,300 jobs, with labor force participation falling to 64.8%.
Meanwhile, annual wage growth accelerated to 2.3%, complicating the inflation outlook.
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