The Globe and Mail reports in its Saturday edition that the Canadian economy saw strong hiring in October, adding 67,000 jobs and reducing the unemployment rate to 6.9 per cent from 7.1 per cent, according to Statistics Canada. The Globe's Matt Lundy writes that this follows a cumulative addition of 127,000 jobs in September and October, recovering the 106,000 positions lost in July and August. Despite challenges from U.S. tariffs, early data indicates Canada may narrowly avoid a recession in 2025, with the labour market showing signs of improvement. Desjardins Securities economist Royce Mendes says: "It's too early to tell, but this could end up being the first sign of recovery for an economy that's been reeling. This reinforces our revised call that the Bank of Canada moves back to the sidelines next month, leaving rates unchanged after easing in September and October." The likelihood of the Bank of Canada cutting interest rates on Dec. 10 is slim, with interest-rate swaps indicating only a 5-per-cent chance, down from 13 per cent earlier last week. Last week, the BOC cut its benchmark interest rate to 2.25 per cent for the second time in a row, following several pauses to evaluate the impact of U.S. trade policies.