Canada’s October jobs report shows a 2,500-job loss, with unemployment steady at 7.1%.

Statistics Canada is set to release its October jobs report, with economists forecasting a loss of 2,500 jobs after a sharp 60,000-job gain in September. The unemployment rate is expected to remain steady at 7.1 percent. The data follows the Bank of Canada’s second consecutive interest rate cut, lowering its benchmark rate to 2.25 percent despite strong September employment. The report will offer insight into whether recent hiring gains were sustainable or a temporary spike.