CA Employment Change

Canadian employment rose by 18,200 positions in June, following the surprise 87,800 surge the prior month. The advance was a bit better than expected, and trimmed the unemployment rate, yet again, by a tick to 6.5%—the lowest rate in nearly two years and well down from last year's peak of 7.1%. While an encouraging result overall, one shouldn't mistake this as a show of strength. Almost all of the job gains were part-time (+17,500), with a notable tilt to hotels & restaurants, retail trade, and info, culture & recreation, perhaps ...

Since the final days of June, the Canadian dollar has been unable to build relevant strength against the U.S. dollar. Now, average USD/CAD movements remain close to 0.2% in the short term, showing a neutral bias that has become evident again in the behavior of both currencies. For now, CAD has not managed to regain confidence ahead of the employment data release. An additional slowdown in this indicator could keep the Bank of Canada on a neutral policy path, limiting the support from higher rates and making it harder for the Canadian ...

Canada's economy added 88,000 jobs and the unemployment rate fell back to 6.6 per cent in May, data showed on Friday, defying widespread expectations and showing signs of some resilience despite softer economic growth. Canada had lost 112,000 net jobs in the first four months of 2026, but May's big addition helped erase almost 80 per cent of the job losses posted since the year began. It's the first significant employment gain since November, according to Statistics Canada. Analysts polled by Reuters had forecast the unemployment ...

Statistics Canada is expected to release its labour market report for the month of May this morning. The consensus among economists polled by Reuters shows they’re anticipating employers added 10,000 positions last month, after a loss of nearly 18,000 jobs in April. They also expect the unemployment rate will remain unchanged at 6.9 per cent. Economists have said the first few months of the year so far were challenging for employers, who are grappling with the conflict in the Middle East that has hiked prices of everyday goods and ...

Canada’s April employment report adds to evidence that the labour market has lost momentum, though not enough to overturn expectations that growth may improve later this year. The data point to an economy caught between soft hiring conditions and still-firm wage pressures, a mix that complicates the Bank of Canada’s policy outlook. Employment fell by 18,000 in April, marking the third decline in four months. The unemployment rate rose to 6.9%, while actual hours worked slipped by roughly 0.05% from the prior month. The weakness was ...

Canadian employment fell 17,700 in April, the third decline in the past four months, and weak enough to push up the jobless rate two ticks to 6.9%. There's little doubt that this is a soft report, even taking into account the big slowdown in underlying population growth (the labor force actually rose 33,500 in April). Full-time jobs fell heavily again, dropping 46,700 and shaving total hours worked yet again. The sectoral split was not friendly, with health care & social services one of the rare bright spots, while all of the ...