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Canada's Unemployment Drops to 6.9% Amid Job Gains

11/8/2025

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Summary

Story summary

In October 2025, Canada's unemployment rate fell to 6.9% as the economy added 67,000 jobs, beating expectations.
This marked a recovery from summer job losses, with 127,000 gains over September and October.
Ontario added 55,000 jobs, aided by the Toronto Blue Jays' World Series run.
Economists expect no Bank of Canada rate cuts as average hourly wages rose 3.5% to $37.06.

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Story summary

In October 2025, Canada's unemployment rate fell to 6.9% as the economy added 67,000 jobs, beating expectations.
This marked a recovery from summer job losses, with 127,000 gains over September and October.
Ontario added 55,000 jobs, aided by the Toronto Blue Jays' World Series run.
Economists expect no Bank of Canada rate cuts as average hourly wages rose 3.5% to $37.06.