07:26 AM EST, 11/07/2025 (MT Newswires) -- Friday's key report in Canada is the Labour Force Survey (LFS) for October at 8:30 a.m. ET, said Bank of Montreal (BMO).

With the worst of the tariff hit to growth likely in the rear-view mirror, the bank looks for a 10,000 increase in October, building on September's 60,000 rise that clawed back some of the 106,000 net losses in the prior two months.

The Bloomberg consensus sees a 5,000 decline, pointed out BMO T

The expected increase in jobs, though moderate, should hold the unemployment rate steady at 7.1% for a third straight month, with the consensus the same, stated the bank.

The relative stability in labor markets may keep the Bank of Canada on the sidelines in December.

Still, BMO expects the jobless rate to inch higher in the months ahead, spurring a final BoC rate trim in January 2026.