0925 ET - The surprise rise in Canadian payrolls and fall in unemployment in October reinforces the Bank of Canada's view that it should now sit on the sidelines and wait for clarity on the fallout from tariffs on the economy and inflation, Capital Economics' Alexandra Brown says. A 66,600 rise in employment was far stronger than economists had expected and follows a similarly strong September, which also exceeded expectations. Brown says it takes the six-month average back up to a decent 20,000 jobs added a month, around the long-run average. Brown also notes the increase was entirely driven by the private sector and by those sectors most exposed to trade. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

November 07, 2025 09:25 ET (14:25 GMT)

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