Statistics Canada to release October labour force survey numbers today
OTTAWA — Statistics Canada will release its latest snapshot of the country's job market today.
Statistics Canada is scheduled to release its latest labour force survey for October today. The survey reveals that the Canadian economy shed 68,000 jobs in September, causing the unemployment rate to increase by 0.1 percentage points to 6.5%. Economists polled by LSEG Data & Analytics predict only a 13,600 job gain in October, with the unemployment rate staying steady.
The economy has been challenged by the escalating trade war with the United States, following the failure of negotiations in late August and additional tariffs imposed by President Donald Trump. Additionally, the Bank of Canada raised its key interest rate last week to curb potential inflation from high energy prices.
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Also reported by 1 other outlet
- Statistics Canada to release October labour force survey numbers today winnipegfreepress.com
