WatcherGuru
Canada lost 68,000 jobs in September, marking a second consecutive month of employment declines. The unemployment rate rose to 6.5%, and total job losses over the past two months reached 110,000.
Why it matters
The figures point to a weakening Canadian labour market as trade tensions with the United States continue. The seed describes the trade war as adding pressure to an already softening economy.
Market impact
Sustained job losses and rising unemployment can weigh on confidence in Canada's economic outlook. The September report adds to evidence of labour-market weakness, with the next employment figures offering a gauge of whether the deterioration continues.
Frequently asked questions
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How many jobs did Canada lose over the past two months?
Canada lost a total of 110,000 jobs over the past two months, including 68,000 in September.
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What happened to Canada's unemployment rate?
Canada's unemployment rate rose to 6.5%.
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Was September the first month of job losses?
No. September marked the second consecutive month of job losses in Canada.
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How are US trade tensions affecting the Canadian economy?
The seed says the ongoing trade war with the United States is adding pressure as Canada's job market weakens.
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What does the September report indicate about Canada's labour market?
The losses over two consecutive months and a 6.5% unemployment rate point to a weakening Canadian labour market.
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