随着美元走强，加元兑美元汇率跌至1.39，接近11月1日达到的两年低点1.4，这反映了市场转向更高的关税和当选总统特朗普在竞选期间倡导的扩张性财政政策。这一转变提高了人们对美联储更激进加息的预期。对于北美货币而言，美国关税上调的前景加剧了人们对加拿大出口需求减少的担忧，而加拿大主要出口产品石油价格下跌则加剧了这一担忧。尽管如此，加拿大的劳动力市场显示出弹性，10月份的失业率保持在6.5%，与上升到6.6%的预测背道而驰。除了强劲的采购经理人指数（PMI）数据外，加元面临的下行压力有限，因为市场正在权衡加拿大央行在降息周期的下一步举措。

The Canadian dollar weakened to 1.39 per USD, nearing the two-year low of 1.4 reached on November 1st, as the U.S. dollar strengthened, reflecting market shifts toward higher tariffs and expansionary fiscal policies championed by President-elect Trump during his campaign. This shift has raised expectations for more aggressive interest rate hikes from the Federal Reserve. For North American currencies, the prospect of increased U.S. tariffs heightened concerns about reduced demand for Canadian exports, compounded by lower prices for Canada’s main export, oil. Nevertheless, Canada’s labor market showed resilience, with October’s unemployment rate holding at 6.5%, defying predictions of a rise to 6.6%. Alongside robust PMI data, this limited downward pressure on the loonie as markets weighed the Bank of Canada’s next moves in its rate-cutting cycle.

2024年10月，加拿大的就业人数增加了14.5万人，而前一个月增加了46.7万人，低于2.5万人的增长预测。全职岗位增加了25.6万人，而兼职岗位减少了11.2万人。商业、建筑和其他支持服务（+28700；+4.2%）、教育服务（+11600；+0.8%）、住宿和餐饮服务（+12200；+1.1%）和制造业（+9700；+0.5%）的就业人数有所增加。相比之下，金融、保险和房地产（-13000；-0.9%）、批发和零售贸易（-8300；-0.3%）以及运输和仓储（-9300；-0.9%。在各省中，艾伯塔省（+13000；+0.5%）、不列颠哥伦比亚省（+8300；+0.3%）和新不伦瑞克省（+3300；+0.8%）的就业人数有所增加，而安大略省（-10900；-0.1%）和爱德华王子岛（-1100；-1.2%）的就业人数有所下降。

Employment in Canada rose by 14.5K in October 2024, following a 46.7K increase in the previous month and below forecasts of a 25K increase. Full-time positions saw an increase of 25.6K workers, while part-time jobs fell by 11.2K. Employment rose in business, building & other support services (+28,700; +4.2%), educational services (+11,600; +0.8%), accommodation & food services (+12,200; +1.1%) and manufacturing (+9,700; +0.5%). In contrast, declines were seen in finance, insurance & real estate (-13,000; -0.9%), wholesale & retail trade (-8,300; -0.3%) and transportation & warehousing (-9,300; -0.9%). Among provinces, Employment increased in Alberta (+13,000; +0.5%), British Colombia (+8,300; +0.3%) and New Brunswick (+3,300; +0.8%), while it fell in Ontario (-10,900; -0.1%) and Prince Edward Island (-1,100; -1.2%).

2024年10月，加拿大的失业率为6.5%，与上月持平，略低于市场预期，即失业率将从8月反弹至近3年来的高点6.6%。这一结果进一步缓解了人们对加拿大经济无法阻止下半年劳动力市场明显疲软的担忧。失业人口增加了900人，达到1429000人。反过来，净就业人数增加了14500人，达到20596900人，但未达到市场预期的25000人。青年失业率急剧下降（-20800至403400），抵消了核心老年人口的急剧增长（21300至803900），而老年人口的失业率基本保持不变。与此同时，劳动力参与率较上月下降0.1个百分点，至64.8%，为2021年1月以来的最低水平。

The unemployment rate in Canada was at 6.5% in October of 2024, remaining unchanged from the previous month and slightly below market expectations that it would have bounced back to the near 3-year high of 6.6% from August. The result further alleviated concerns that the Canadian economy would not be able to halt the marked softening in the labor market undergone in the second half of the year. The unemployed population rose by 900 people to 1,429,000. In turn, net employment rose by 14,500 to 20,596,900 but missed market expectations that it would rise by 25,000. Joblessness fell sharply for the youth (-20,800 to 403,400), offsetting a sharper increase in the core aged population (21,300 to 803,900), while that for the older population was loosely unchanged. In the meantime, the labor force participation rate eased by 0.1 percentage points from the previous month to 64.8%, the lowest since January 2021.

加拿大10月劳动力市场保持稳定。按行业划分的就业情况显示，商业、建筑和其他支持服务业有所增长（+2.9万），而金融、保险、房地产、租赁和租赁业（-13万）和公共管理业（-8.7万）则出现了损失。

Canada's labour market remains solid in October.Employment by sector showed gains in business, building and other support services (+29k), while losses were seen in finance, insurance, real estate, rental and leasing (-13k) and public administration (-8.7k).