Toronto's financial district and Old City Hall.
Business

Canada sheds 68,000 jobs in September as unemployment rises to 6.5%

It is the second straight monthly decline and the Bank of Canada's last labour market reading before its Oct. 28 decision.

Toronto's financial district and Old City Hall.

Share

Canada lost 68,000 jobs in September, Statistics Canada reported, and the unemployment rate rose to 6.5 per cent from 6.4 per cent. Economists had expected a small gain.

It was the second straight monthly loss, after a drop of about 42,000 in August. Young people aged 15 to 24 lost 48,000 jobs.

Inflation was 3.0 per cent in August, driven partly by gasoline prices. That leaves the Bank of Canada weighing a softening job market against prices that remain above its two per cent target.

More coverage: Business news · latest headlines.

Share

From our partners

Partner content

Readers following this story can find more from our network at ARQS, TOWNLINE, Jason's Place and Ackerman — and this week we also recommend Crypto Intelligence and ROI Intelligence.

Coming upThe ARQS Crypto ChallengeSee how the Crypto Challenge works and how its charity commitment is structured.See the Crypto Challenge →

From our shops Sponsored

ARQS AI Platform Standard — Chat + Voice, 30 days

ARQS AI Platform Standard — Chat + Voice, 30 days

US$49

Buy now
JP Mansion Coloring Book

JP Mansion Coloring Book

US$9.99

Buy now