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National Bank Previews This Week's Jobs Report in Canada

BY MT Newswires | ECONOMIC | 02/02/26 08:40 AM EST

08:40 AM EST, 02/02/2026 (MT Newswires) -- Canada will release the Labour Force Survey (LFS) for January on Friday, said National Bank of Canada.

The release of the January LFS will be "closely watched," noted the bank.

After solid gains between August and November, National Bank expects job gains closer to those recorded in December -- 11,000 gains -- and more in line with modest population growth.

The bank predicts a 5,000 increase in the number of people employed in the first month of 2026. This gain would be sufficient to keep the unemployment rate unchanged at 6.8% if, as National Bank believes, the participation rate falls by one-tenth to 65.3%.

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