The Financial Post reports in its Saturday edition that Canada's unemployment rate rose to 6.7 per cent as the economy failed in October to recover from heavy job losses in the previous two months. The Post's Gigi Suhanic writes this leaves economists to wonder how much more bad news the Bank of Canada can take before it stops thinking about hiking interest rates. The economy shed 4,700 positions last month, missing economists' estimates for a gain of 15,000 and for the jobless rate to hold at 6.5 per cent. Bank of Montreal chief economist Douglas Porter gave the October job report a score of 37 out of 100, calling it "another fail" because it came on top of 110,000 positions lost in August and September. "Employment is now up a measly 0.1 per cent from year-ago levels," he said in a note on Friday, adding the only reason the unemployment rate isn't higher is because population growth slowed. The weakness in the job market also comes in sharp contrast to the strength in the United States, putting more pressure on the Bank of Canada to temper its next moves on interest rates and on the U.S. Federal Reserve to hike. One more Labour Force Survey comes out before the Bank of Canada's next interest rate meeting on Dec. 6.