# Bank of Canada rate hike in December in doubt due to weak job market, economist says

> Canada lost 4,700 jobs in October, missing expectations for a 15,000-job gain, and unemployment rose to 6.7%. The weak result followed a combined loss of 110,000 jobs in August and September, prompting economists to question whether the Bank of Canada will continue considering rate hikes.

- Date: 2026-11-08 · published 2026-11-08T12:09:40.314Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/87418-bank-of-canada-rate-hike-in-december-in-doubt-due-to-weak-job-market-economist
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker Canadian labour market may make the Bank of Canada less likely to raise rates, weighing on the Canadian dollar and supporting USD/CAD. The contrast with stronger US employment could widen that currency pressure.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- usdtocad.ca: https://usdtocad.ca/bank-of-canada-rate-hike-in-december-in-doubt-due-to-weak-job-market-economist-says/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.