Evening Update: Canada’s jobs growth triples estimates in September, putting pressure on BoC ahead of rate decision ...Middle East

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Evening Update: Canada’s jobs growth triples estimates in September, putting pressure on BoC ahead of rate decision
Good evening, let’s start with today’s top stories: Employment in Canada rose by 64,000 jobs in September, easily surpassing the estimate of 20,000 from Bay Street economists, while the unemployment rate held steady at 5.5 per cent for the third consecutive month as the country’s population grows at historically strong rates. With Canada’s labour market churning out jobs at a surprisingly quick pace, the numbers put pressure on the Bank of Canada ahead of its next interest rate announcement, on Oct. 25, with the central bank weighing whether recent data – including an uptick in inflation – will force it to raise interest rates yet again. Read more: Open this photo in gallery: The Art Dec

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