OTTAWA - Another month of surprise job gains hasn’t changed many economists’ minds about softness in the Canadian labour market, but analysts weighing in Friday said signs of resilience should be enough to keep the Bank of Canada on the sidelines for the rest of the year.
Statistics Canada said Friday the economy added 67,000 jobs in October, good enough to drive the unemployment rate down two tenths of a percentage point to 6.9 per cent.
Economists polled by Reuters ahead of Friday’s release had expected the labour market would take a breather with a loss of 2,500 jobs in October, following a surprise gain of 60,000 positions in September.
Job gains across October and September now more than offset sharp drops observed in August and July.
Desjardins economist Kari Norman said the swin

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