Canada's economy added a net 46,700 jobs in September, more than forecast, while the jobless rate unexpectedly decreased for the first time in 8 months to 6.5%, data showed on Friday.

Canada's unemployment rate declined for the first time since January to 6.5 per cent, and full-time employment saw its largest gain since May 2022. But employment rates are still failing to keep up with population growth,

Canada’s unemployment rate fell as businesses hired more workers than expected, supporting the central bank’s case for gradual rate cuts even as some observers called for a more aggressive pace.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesAs Brussels Booms,

Canada's economy gained a net 46,700 jobs in September, entirely in full-time work, and the jobless rate edged down to 6.5%, Statistics Canada data showed on Friday.