A worker uses an angle grinder on a vessel under construction at Seaspan Shipyards, in North Vancouver, in 2024. Canada's unemployment rate fell slightly to 6.9% in October.

The Canadian economy enjoyed a burst of hiring activity for the second consecutive month in October, offsetting summer job losses and bolstering calls that the Bank of Canada is done cutting interest rates for now.

The labour market added 67,000 jobs last month and the unemployment rate fell to 6.9 per cent from 7.1 per cent, Statistics Canada said Friday in a report. Financial analysts were expecting a small loss of 5,000 positions.

Over September and October, the country added a cumulative 127,000 jobs, fully recovering the 106,000 positions that were shed over July and August.

While the Canadian economy has been

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