Canada’s labor market showed a surprising downturn in September 2026, with a loss of 68,300 jobs, sharply reversing expectations of a modest 7,000 job gain, according to FX Street. This marks a significant setback following August’s already weak report, which saw 41,700 jobs lost.
FX Street noted that the combined job losses in August and September have erased all net employment gains recorded in Canada so far in 2026. The disappointing labor data has pressured the Canadian dollar, with the Loonie falling to an 18-month low against major currencies.
For Japanese investors, this development signals potential volatility in FX and commodity markets, as Canada’s economic health is closely tied to global trade and resource exports, which may impact related equity and currency positions.