FX.co ★ Canada’s Full-Time Employment Declines Moderate Slightly in September, Still Deep in Negative Territory

Canada’s labor market remained under pressure in September 2026, as full-time employment recorded another monthly decline, though the pace of job losses eased marginally compared with August. According to the latest data updated on 9 October 2026, full-time employment fell by 35.4K in September, following a drop of 35.9K in August.

The back-to-back negative readings highlight ongoing softness in Canada’s employment landscape, with businesses still cutting full-time positions as economic conditions remain challenging. While the marginal improvement from -35.9K to -35.4K suggests some stabilization, the persistently negative figures underscore that any recovery in the full-time jobs market has yet to gain traction.

Market participants and policymakers are likely to watch upcoming labor releases closely to assess whether September’s slightly smaller decline marks the beginning of a gradual improvement or simply a pause in a broader weakening trend.