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Canada's Unemployment Expected to Rise to 7.2%

10/10/2025

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Summary

Story summary

Statistics Canada will release its Labour Force Survey on Friday, predicting a slight increase in the unemployment rate to 7.2% for September, up from 7.1% in August.
Analysts expect a modest addition of 5,000 jobs after significant losses in prior months.
The Bank of Canada (BoC) recently lowered its policy rate to 2.50% and may consider further cuts if the job market report is weak.
Australia's economy is growing stronger than New Zealand's, with Australia's unemployment stable between 3.9% and 4.3%, while New Zealand's rate has risen to 5.2%.

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Story summary

Statistics Canada will release its Labour Force Survey on Friday, predicting a slight increase in the unemployment rate to 7.2% for September, up from 7.1% in August.
Analysts expect a modest addition of 5,000 jobs after significant losses in prior months.
The Bank of Canada (BoC) recently lowered its policy rate to 2.50% and may consider further cuts if the job market report is weak.
Australia's economy is growing stronger than New Zealand's, with Australia's unemployment stable between 3.9% and 4.3%, while New Zealand's rate has risen to 5.2%.