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Friday, November 6, 2026

Canadian economy lost 4,700 jobs in October as unemployment rate ticked up to 6.7%

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The loss of a few thousand jobs last month follows big back-to-back job losses in August and September, when the Canadian economy shed more than 100,000 roles cumulatively over two months.

Economists polled ahead of data release expected economy would add 13,600 jobs

CBC News

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young people wait in line, some holding paper resumes, at a job fair
Applicants at the CNE’s job fair wait in line at the Enercare Centre in Toronto on July 30, 2025. (Alex Lupul/CBC)

Canada's unemployment rate rose to 6.7 per cent in October as the country shed 4,700 jobs, according to figures from Statistics Canada.

The loss of a few thousand jobs last month follows big back-to-back job losses in August and September, when the Canadian economy shed more than 100,000 roles cumulatively over two months.

Economists polled by Reuters ahead of the release expected a gain of 13,600 jobs for October and for the unemployment rate to remain unchanged.

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