Canada Unemployment Rate Climbs to Six-Month High of 6.7% — Update

Morningstar · 2026-11-06 14:13 UTC

OTTAWA--Canada's labor market softened again last month, with a dip in employment and rise in the number of people hunting for work pushing the jobless rate to a six-month high.

By Robb M. Stewart

OTTAWA--Canada's labor market softened again last month, with a dip in employment and rise in the number of people hunting for work pushing the jobless rate to a six-month high.

Employers cut a net 4,700 jobs in October, building on the 110,000 positions lost over the previous two months, Statistics Canada said Friday. That pushed up the unemployment rate for a second straight month, taking it to 6.7%.

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