A worker inspects sheets of stainless steel at Magna Stainless and Aluminum in Montreal in September.

Statistics Canada is set to release jobs data for September this morning.

A Reuters poll of economists heading into the labour force update expects Canadian employers added 5,000 jobs last month, rebounding somewhat from a loss of roughly 66,000 positions in August.

TD senior economist Andrew Hencic says he sees potential for a loss of 35,000 jobs in September but cautions not to read too much into headline employment numbers.

He warns that the recent slowdown in population growth will likely skew labour data and observers would be better off looking at the unemployment rate for a gauge of how the labour market is holding up as economic growth sputters in Canada.

TD is expecting the

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