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Canada sheds 68,000 jobs, unemployment rate up to 6.5% in September

Canada’s economy posted a second consecutive month of job losses in September, pushing up the unemployment rate and offsetting what had been a hot streak for the labour market earlier in the year.

Statistics Canada said Friday the economy lost 68,000 positions in September, coming off a loss of 42,000 roles in August. Economists had expected a gain of 9,200 jobs in the month.

StatCan said job losses were nearly evenly split between full- and part-time work and were concentrated in the public sector.

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