Veytics Intelligence
2026-10-12 · Vtmarkets

Canada jobs report in focus as US tariffs bite, BoC holds and USD/CAD hovers near 1.42 - VT Markets

The content here might not be relevant fo you. Would you like to visit the North America website? Statistics Canada is due to publish September’s Labour Force Survey on Friday at 12:30 GMT, the first report to fully reflect new US tariffs introduced on 22 August. Markets are looking for a mild rebound after August’s 41.7K fall, with consensus centred on about 7K job gains and the unemployment rate edging up to 6.5% from 6.4%. Average hourly wages rose 2% year on year in August, down from 3% in July and 3.7% in June, while attention will also be on full-time employment and participation for signs of slack. The release lands as the Bank of Canada holds its policy rate at 2.

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