United States Michigan Consumer Expectations Index increased to 47.3 in October from previous 46.3

Royal Bank of Canada (RBC) economist Claire Fan notes Canada lost 68,000 jobs in September, mainly in public sectors, reversing much of summer gains and leaving year-to-date employment at -41,000. She highlights volatility in monthly data and stresses the unemployment rate remains below last year. Fan expects earlier labour market progress to hold and the unemployment rate to edge lower through 2026.