07:28 AM EDT, 10/10/2025 (MT Newswires) -- The Canadian Labour Force Survey (LFS) for September is the key release on Friday at 8:30 a.m. ET, said Bank of Montreal (BMO).

The bank looks for the Canadian economy to add 5,000 jobs in September, a modest increase following two months of significant losses totalling over 106,000.

However, the return to job growth will likely not be enough to bring the unemployment rate down from the cycle high of 7.1%, stated BMO.

While this report isn't expected to fundamentally shift the Bank of Canada's view of a weak labor market, any further downside surprises could raise the odds of a follow-up rate cut later this month, it added.

That said, the bank pointed out that September has historically delivered positive surprises, with job gains topping consensus expectations in 22 of the last 25 September prints.

The Canadian dollar (CAD or loonie) starts Friday at $1.402/USD (71.4 US cents), added.