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Statistics Canada to release November job figures ahead of Bank of Canada decision
Economists predict unemployment near 7% with mixed job growth forecasts; recent gains over 120,000 jobs may influence the Bank of Canada's rate decision.
- On Dec. 5, 2025, Statistics Canada released fresh employment figures for November this morning in Ottawa, a Canadian Press report credited to Craig Lord.
- Recent labour-market gains saw more than 120,000 positions added over October and September, and RBC economists say cracks in trade-exposed sectors haven't spread while hiring demand stabilizes.
- Forecasters diverge with a Reuters poll expecting unemployment to tick up to seven per cent and a loss of 5,000 jobs, while Royal Bank calls for flat job growth.
- These November figures arrive before the Bank of Canada's final interest rate decision next week and could influence assessments of labour-market durability given recent hiring signals.
- Analysts warn that disagreement among forecasters and cracks in trade-exposed sectors leave uncertainty about wider labour market weakness, which matters as recent surprise hiring shapes future policy and market views.
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Statistics Canada will release the new employment data for November on Friday.
·Montreal, Canada
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Canada Unemployment Preview: Labour market expected to cool as BoC rate decision looms
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a weak print. The Unemployment Rate is expected to tick higher to 7% in November, while the Employment Change is forecast to come in flat after a nice gain in October.
Coverage Details
Total News Sources16
Leaning Left10Leaning Right0Center2Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
C 17%
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