A cyclist rides past the Bank of Canada in Ottawa, Wednesday, Sept. 17, 2025. The Bank of Canada will meet on Oct. 29 to announce its next decision on interest rates. Photo by Adrian Wyld / THE CANADIAN PRESS

A “jolted back to life” labour market is still not enough to stop the Bank of Canada from pausing on interest rate cuts at its next meeting later this month, some economists say.

The country gained 60,000 positions in September, according to Statistics Canada data released on Friday, topping economists’ median estimate of a gain of 5,000 positions. Nevertheless, the unemployment rate held steady at 7.1 per cent.

The labour market has swung from net job losses to gains over the past few months. For example, in August and July the economy lost a combined total of more tha

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