A "Now Hiring" sign is seen at a Chipotle location on November 06, 2025 in the Brooklyn borough of New York City. Photo by Spencer Platt/Getty Images

Canada’s unemployment rate fell to 6.9 per cent in October, down 0.2 percentage points from the month before, as the economy added 67,000 jobs — mostly concentrated in part-time work.

Statistics Canada said Friday that gains were driven by job creation in wholesale and retail trade, transportation and warehousing, information, culture and recreation, and utilities. Youth unemployment (among those aged 15 to 24) also declined for the first time since February, falling 0.6 percentage points to 14.1 per cent.

Here’s what economists are saying about the latest employment data and what it means for the Bank of Canada ’s future interest ra

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