{
  "id": 13155420,
  "title": "‘Sour’ job report could give Bank of Canada breathing room on rate hikes, economists say",
  "url": "https://urgent.news/2026/10/09/sour-job-report-could-give-bank-of-canada-breathing-room-on-rate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T16:22:25.000Z",
  "source": {
    "name": "Financial Post",
    "slug": "financial-post",
    "url": "https://financialpost.com/news/economy/sour-job-report-boc-interest-rate-hikes"
  },
  "original_language": "en",
  "account": null,
  "summary": "Canada's economy lost 68,000 jobs in September, causing the unemployment rate to rise to 6.5 per cent from 6.4 per cent in August. According to Investing.com, this decline erased all the employment gains made earlier in the year, with a net loss of 41,200 jobs so far this year.\n\nThe job losses were spread across full-time and part-time positions, with the public sector, particularly healthcare, social assistance, and education, experiencing significant losses due to the government's reduction of international student permits. Manufacturing, which is partly exposed to US tariffs, lost 12,700 jobs.\n\nThe unexpected drop in employment has led economists to suggest that the Bank of Canada may have room to pause on interest rate hikes. Money markets now expect a 25-basis-point increase in December, rather than this month.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "WSJ Economy",
        "title": "Canada Jobless Rate Edges Up With Another Drop in Employment",
        "url": "https://urgent.news/2026/10/09/canada-jobless-rate-edges-up-with-another-drop-in-employment",
        "published": "2026-10-09T12:52:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Canada’s employment unexpectedly shrinks in September, jobless rate inches up",
        "url": "https://urgent.news/2026/10/09/canadas-employment-unexpectedly-shrinks-in-september-jobless-rate",
        "published": "2026-10-09T14:30:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}