Surprise September job gains dampen odds for Bank of Canada rate cut

Surprise September job gains dampen odds for Bank of Canada rate cut

OTTAWA — The Canadian labour market showed an unexpected hiring surge in September, but economists are mixed on whether the strength is enough to deter the Bank of Canada from cutting its policy rate again later this month.

Strong September jobs report could derail Bank of Canada rate cut in October

Canada added 60,400 jobs in September, erasing August’s losses and raising the odds of a Bank of Canada rate pause later this month.

Canadian Employment Makes a Comeback – USD/CAD Reverses - Action Forex

Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish […] The post Canadian Employment Makes a Comeback – USD/CAD Reverses appeared first on Ac…

USD/CAD Reverses Below 1.40 as Canada’s Blowout Jobs Data Shakes BOC Bets - Finnoexpert

Statistics Canada released one of the strongest in recent memory, with Canada’s economy creating over 60K new jobs in September, including a staggering 100K+ full-time roles. USD/CAD Key Points Statistics Canada released one of the strongest jobs reports in recent memory, with Canada’s economy creating over 60K new jobs in September, including a staggering 100K+ full-time roles. The market-implied odds of a BOC cut fell from nearly 75% before t…

Market Open: TSX slides as oil dips; Canada’s job market surprises | Oct 10, 2025

The TSX opened lower Friday, dragged down by energy stocks as WTI crude slipped nearly 3% to hover near US$60 a barrel. The decline came despite a strong September jobs report showing Canada’s job market added significantly more positions than expected, suggesting resilience in the face of global uncertainty. Meanwhile, on Wall Street, the Dow Jones shed another 0.5% as earnings season kicked off with mixed results. Levi Strauss & Co. (NYSE:LEVI…

USD/CAD retreats below 1.4000 as strong Canada jobs data boost the Loonie

The Canadian Dollar (CAD) gains traction against the US Dollar (USD) on Friday, snapping a three-day losing streak after upbeat employment figures boosted investor confidence and helped offset recent Greenback strength.