Morningstar

Canada Unemployment Rate Climbs to 6.7% in October

Provided by Dow Jones Nov 6, 2026, 1:47:00 PM

By Robb M. Stewart

OTTAWA--Canada's unemployment rate unexpectedly rose for a second straight month in October as the economy again shed jobs.

Statistics Canada reported Friday that employment in the country fell by a net 4,700 last month. Market expectations were for employment to increase by about 15,000, after 68,300 jobs were lost the month before.

The unemployment increased 0.2 percentage point to 6.7%, the highest since April. Expectations were for the jobless rate to hold steady at 6.5%.

When calculated using U.S. Labor Department methodology, Canada's unemployment rate in October declined 0.1 percentage point to 5.5%.

Write to Robb M. Stewart robb.stewart@wsj.com

(END) Dow Jones Newswires

November 06, 2026 08:47 ET (13:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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