Canada Added 14,500 Jobs in October, Below Expectations.

In October, Canada added 14,500 jobs, falling short of the expected 27,200 increase. This slight growth reflects ongoing labor market softness, prompting the central bank to accelerate rate cuts. Despite the job gains, there is room for improvement, with the participation rate dropping and certain sectors experiencing job losses. The jobless rate remained steady at 6.5%, while wage growth for permanent employees increased to 4.9% in October. [Extracted from the article]