06-September-2026
Economy News
 
Canada Loses 41,700 Jobs as Summer Hiring Fades; Unemployment Rate Holds Steady
05-Sep-2026

Canada's economy lost 41,700 jobs in August, data showed on Friday, slowing sharply from unusually strong summer hiring, while the unemployment rate held steady at 6.4%. The August report is the last labor force survey before the effects of U.S. President Donald Trump's new 50% tariffs begin to filter through the economy.

News Source:- https://money.usnews.com/investing/news/articles/2026-09-04/canadas-job-market-loses-steam-as-employment-drops-by-over-41-000