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Labour Force Survey, October 2026

Job growth in Canada

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The latest Statistics Canada release here is the Labour Force Survey for October 2026, published November 6, 2026. It describes the week of October 11 to 17.

Employment change, August to October 2026

Monthly change in the number of people employed, seasonally adjusted, as printed in the October release: employment was “little changed in October (−4,700; 0.0%)” after declines in September and August.

−80k−60k−40k−20k0August 2026: −42,000 persons (−0.2%), Labour Force Survey−42,000August−0.2%September 2026: −68,000 persons (−0.3%), Labour Force Survey−68,000September−0.3%October 2026: −4,700 persons (0.0%), Labour Force Survey−4,700October0.0%Persons, monthly change
  • 6.7% unemployment rate in October, up 0.2 points
  • 60.5% employment rate, a third monthly decline
  • +17,000 net change in the 12 months to October

Source: Statistics Canada, The Daily, November 6, 2026, table 14-10-0287-01.

Real GDP, quarter to quarter

Percent change from the previous quarter, as Statistics Canada printed it (not annualized). The third quarter is an advance indication: the August GDP release says the data “suggests that the economy expanded 0.3% in the third quarter of 2026”.

0.00.30.50.81.0First quarter 2026: +0.1%, as revised in the second-quarter release of August 28, 2026+0.1%Q1 2026revisedSecond quarter 2026: +0.8% (real GDP by expenditure), released August 28, 2026+0.8%Q2 2026Aug 28Third quarter 2026: about +0.3%, an advance indication from GDP by industry, released October 30, 2026. Official estimate November 30, 2026.≈ +0.3%Q3 2026advancePercent, quarterly change

Sources: GDP, income and expenditure, second quarter 2026 (August 28, 2026); GDP by industry, August 2026 (October 30, 2026). The official third-quarter estimate is due November 30, 2026.

Twelve months of employment change and the unemployment rate

Read from Statistics Canada table 14-10-0287-01 when this page loads, in thousands of persons to one decimal; the releases round the same changes to the nearest thousand. The three months above are shaded.

Loading from Statistics Canada.

Source: Statistics Canada, table 14-10-0287-01, Canada, 15 years and over, seasonally adjusted (vectors v2062811 and v2062815).

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Interest rates, bonds and the U.S. jobs report

The Bank of Canada’s target for the overnight rate and the Government of Canada long-term benchmark bond yield, as the Bank of Canada publishes them, business daily since January 1, 2026.

Loading from the Bank of Canada.

Rate decisions

DateDecisionTarget
Oct 28, 2026Raised 0.252.50%
Sep 2, 2026Held2.25%

On October 28, 2026 the Bank of Canada wrote: The unemployment rate has been around 6½% for several months. It added: There could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully. Its next scheduled announcement is December 9, 2026. Press release

United States

The U.S. Bureau of Labor Statistics reported on November 6, 2026: Total nonfarm payroll employment rose by 165,000 in October, and the unemployment rate changed little at 4.1 percent. Employment Situation, October 2026

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Market odds of a rate increase in December or January are not on this page. We do not have a page from an institution that publishes them, and this site does not make its own.