Posted on 09/04/2026 3:38:27 PM PDT by MinorityRepublican
The Canadian economy’s labour market lost its steam in August, breaking a string of upbeat job reports ahead of the latest escalation of the trade war with the United States.
Canada lost a net 42,000 jobs in August, falling short of economists’ expectations of a gain of 15,000 positions, Statistics Canada reported on Friday. The unemployment rate held steady at 6.4 per cent.
It was a different story in the U.S., where employers added 162,000 jobs in August, coming in hotter than expectations of 55,000 jobs, the U.S. Bureau of Labour Statistics also reported on Friday. The U.S. unemployment rate held steady at 4.1 per cent.
The previous two months of U.S. labour results were revised higher, which meant that July saw a gain of 21,000 jobs. The bureau had previously recorded an unexpected net decline in positions that month.
The three-month average for employment growth, a metric that economists use to smooth out volatility in the month-to-month numbers, fell from more than 60,000 in July to around 17,000 in August.
In late August, trade talks between the U.S. and Canada collapsed and new 50-per-cent U.S. duties were applied against $28-billion in Canadian goods. Ottawa is set to impose countertariffs on American products on Sept. 8, a move that could prompt even more escalation from the White House that undermines growth in Canada.
The weak jobs report suggests the job market could have been struggling before the latest tariff hit, said Royce Mendes, head of macro strategy at Desjardins Securities, in a client note.
(Excerpt) Read more at theglobeandmail.com ...
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Elbows up to unemployment up😂😎
and Carney and his liberals keep bringing in more and more Indians , Africans and muslims for Canadian taxpayers to take care of
They can’t euthanize people fast enough.
EhhhH....
And we renamed one of their lakes. Ouch.
And disgruntled American academic types.
fafo
Can someone post the Nelson Muntz gif HAHA would be perfect for this
Thanks!
Canada has every right to sell their products worldwide. But if you want to sell to the USA you need to follow our rules. If you don’t like those rules, please feel free to sell elsewhere.
Canada has forgotten that you cannot take advantage of those you trade with. Well, you can until they say no more.
How’s that war with America working for you Communists?
To get a rough U.S. equivalent of Candian numbers, add a zero. This is like us losing nerly 400,000 jobs.
just talked to a good friend in montana who visited canada for an inexpensive vacation, given that the Canadian dollar is worth only 72 cents USD ... the canadian dollar was nearly on parity with the USD some time ago, so it’s current EXTREME weakness against the US dollar tells you everything you need to know about Canada’s economic health and the effects of the insane Canadian government’s self-destructive policies ...
They are only Euthanizing white Canadians.
Fair point.
200,000 jobs out of hundreds of millions is within statistical margin of error. In reality, we don’t know if we gained any new jobs…
10yrs of Trudeauism & 1yr plus of Carneyism has sunk the Canadian spirit of its people.
And yet many Canadians still suppprt him and his party based on recent elections.
The short man syndrome is strong with these kanadians 😎
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