Ella 
The Canadian economy is expected to add 20,000 jobs, compared with 39,900 in August, and the unemployment rate is at 5.6%, compared with the previously reported 5.5%.
TD Securities (TDS)
We expect job growth to slow to 12,000 jobs in August as weaker business sentiment leads some companies to scale back hiring plans. The services sector will be the main driver of job creation, while strong population growth will push the unemployment rate to 5.7%. However, we expect limited progress on wages, with year-on-year wage growth declining 0.1 percentage points to 5.1%.
National Bank of Canada Wealth Management (NBF)
Job creation likely slowed to 5,000 in September, reflecting the Canadian economy’s loss of momentum. This small increase, combined with another significant expansion of the labor force and an unchanged participation rate (65.5%), should push the unemployment rate up 0.2 percentage points to 5.7%.
Economist at Royal Bank of Canada (RBC Economics)
We expect employment to increase by 25,000 in September. But the broader macroeconomic backdrop is continuing to soften. The unemployment rate has begun to rise, climbing from 5.0% in the spring to 5.5% in July and August. We expect the unemployment rate to climb again to 5.6% in September, with labor force growth once again outpacing employment growth.
Canadian Imperial Bank of Commerce (CIBC)
We expect employment to increase by a modest 20,000 jobs, half of August’s level and more in line with signs of weaker domestic demand from recent gross domestic product (GDP) and retail sales data. Strong population growth has raised the bar on the size of hiring needed to prevent unemployment from climbing, and job growth in September is likely to fall short of that bar, pushing the unemployment rate to 5.6%. Annual average hourly earnings growth is also likely to cool as strong gains from the same period last year are squeezed out of the annual calculation. A continued rise in unemployment is likely to keep the Bank of Canada on hold as it signals weakening domestic demand, which will exacerbate the negative impact of mortgage renewals on future consumption.
Citibank
We expect 55,000 new jobs to be added in September. A pickup in hours worked in recent months could also mean stronger growth in gross domestic product (GDP) in the third quarter, after a surprisingly modest decline in GDP in the second quarter. While overly strong inflation data alone could still prompt the Bank of Canada to raise interest rates further, some recent turnaround in weak economic activity could make the decision to raise rates again clearer. Our forecast for September employment implies that both jobs reports have shown solid job growth since September’s decision to pause interest rate hikes.
