11-October-2026
Economy News
 
Canada's Employment Surprisingly Shrinks in September, Jobless Rate Inches Up
10-Oct-2026

Canada's economy stunned widespread expectations to post a massive job loss in September and the unemployment rate edged up, data showed on Friday, effectively wiping off all the gains in jobs that was seen this year. The economy lost a net of 68,300 jobs in September after a loss of 41,700 positions in August, Statistics Canada said. It said the unemployment level inched up to 6.5%.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-09/canadas-employment-surprisingly-shrinks-in-september-jobless-rate-inches-up