Canada employment grew 108k in Oct, unemployment rate steady at 5.2%

Canada employment grew strongly by 108k in October, well above expectation of 11k.

Unemployment rate held steady at 5.2%. Labor forecast participation rate rose 0.2% to 64.9%.

Year-over-year growth in the average hourly wages of employees remained above 5% for a fifth consecutive month in October, rising 5.6% yoy. Total hours worked increased 0.7% mom.

Full release here.