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October 11, 2026

Canada Loses 68,000 Jobs in September as Declines Deepen

Canada’s economy shed 68,000 jobs in September, marking a second straight month of unexpected declines. The back-to-back losses surprised economists who had expected hiring to hold steady or edge higher. The weak labour market adds pressure on the Bank of Canada as it weighs future interest rate decisions. Businesses across several sectors have been pulling back on hiring amid uncertainty. The latest figures suggest the economy is losing momentum heading into the final months of the year.

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