Canadian Mortgage Trends ~ October 10th, 2025
Canada added 60,400 jobs in September, erasing August’s losses and raising the odds of a Bank of Canada rate pause later this month.
The stronger-than-expected rebound immediately sparked questions about whether the central bank will follow through with another cut at its Oct. 29 decision. Economists say the data complicates the case for more easing, especially with inflation figures still to come.
BMO‘s Douglas Porter said the positives suggest the Canadian economy is still “treading water.” He explained that the Bank’s September cut was partly driven by a weak labour market through the summer, but with those losses now reversed, that justification is “no longer front and centre.”
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