Canada adds more jobs than expected for a second month, loonie climbs
The Canadian economy again generated more jobs than anticipated last month, suggesting that the economy is beginning to shrug off the tariff shock. According to an update just published by Statistics Canada, 66,600 new positions were added in October and the unemployment rate dropped to 6.9 percent. Consensus estimates—which have become less reliable in recent months—had pointed to 5,000 new hires, with the jobless rate holding at 7.1 percent. 85,100 positions were added in part-time roles, while 18,500 were lost in full-time work. An average 27,200 full-time jobs were added over the last three months, while the part-time component has...