Canadian unemployment rate fell to 6.7% in October
BNN Bloomberg
The Canadian economy added 31,200 jobs in October compared to 41,600 estimate.
Breaking news update: The Canadian economy added 31,200 jobs in October compared to 41,600 estimate.
According to Statistics Canada, the Canadian unemployment rate fell to 6.7 per cent in October from 6.9 per cent in September.
Earlier story follows.
OTTAWA - Statistics Canada is scheduled to say this morning how the labour market fared in October, one month after the country passed a jobs milestone.
September's labour force survey revealed that the country had recovered all of the three million jobs lost at the onset of the COVID-19 pandemic last year.
The gain of 157,000 jobs in September pushed the unemployment rate to 6.9 per cent, down from 7.1 per cent in August.
