Canada’s Job Market Surges in October—But Is the “Wicked” Rise Masking Deeper Weakness for the Loonie?

In a twist befitting the Halloween season, Canada’s employment data for October delivered a “wickedly” good surprise. According to Statistics Canada, employment jumped by 66,600, following a solid 60,400 rise in September, fully erasing the mid-summer slump that had worried policymakers and investors alike.