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 in October was down 0.2 percentage points year-over-year and remained below the recent peak of 6.9 percent recorded in April 2026.”
A Reuters survey of economists had forecast that the economy would rebound to add 13,600 jobs in October, but the economy lost a net 4,700 jobs instead.
The labour market has weakened in recent months, shedding a combined 110,000 jobs in August and September….