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Statistics Canada released the labour market data today. Canada's unemployment rate fell to 6.5% in October from 6.8% in September. That was the lowest level since November 2008.
Analysts had expected the unemployment rate to remain unchanged at 6.8%.
The number of employed people increased by 43,100 in October, exceeding expectations for a gain of 400, after a 74,100 rise in September.
Full-time jobs climbed by 26,500 in October, while part-time positions increased by 16,500.
Retail and wholesale trade, finance, insurance and real estate and manufacturing added jobs, while public administration and natural resources lost jobs.
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