Posted on 10/09/2026 6:35:44 PM PDT by E. Pluribus Unum
According to the latest data from Statistics Canada, the Canadian economy lost a net of 68,300 jobs in September. This follows a loss of 41,700 positions in August and wipes out all job gains for the entire year 2026.
The alarming results come after Canadian Prime Minister Mark Carney has led all provincial premiers in a coordinated effort to confront U.S. President Donald Trump through an “elbow’s up” program of political antagonism and trade conflict.
Based on economic scale, Canada losing 68,000 jobs in a month would be the U.S. equivalent of losing 500,000 jobs. The “elbow’s up” program may be politically beneficial to Prime Minister Carney, but the economic consequences are crushing the northern neighbors.
The Canadian dollar immediately weakened after the jobs report and was trading down 0.44% at C$1.4287 to the US dollar, or 69.99 US cents. Yields on the two-year government bonds reversed early moves and were trading down 9.5 basis points to 2.410%.
Initially, when the trade war was announced, CTH anticipated a bottom for the CAD at 50¢/USD under the trade reciprocity program. 50¢ remains the forecast target when the termination of the USMCA (CUSMA) is announced, and analysts have the opportunity to gauge the outcome.
Meaning, if the Canadian trade surplus with the USA was eliminated, and if all the non-tariff barriers were removed, and if full trade reciprocity programs were instituted, and if Canada has to stand on its own economic footing with NATO spending requirements, current domestic tax rates and GDP growth factored, $1 CAD will be worth around 50¢ USD.
Remember, the Bank of Canada has already run the numbers on this. ……”A cascading series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales”… {MAY ’26}
(CBC) – Canada lost 68,000 jobs in September, according to Statistics Canada, marking a second straight month of losses. The unemployment rate ticked up by 0.1 percentage points to 6.5 per cent, which is where it stood at the start of 2026.
The figures bucked economists’ predictions for a gain of 9,200 positions in September. It comes after another surprise last month of 42,000 job losses for August, which snapped a hot streak for the labour market.
[…] By sector, educational services, health care and social assistance, and manufacturing led the declines. More workers in “other services,” which includes things like repair and maintenance, offset the losses.
Porter says the drop in education jobs, which was concentrated in Quebec, could be a bit of a blip, but says it could also point to weakness in the sector with fewer international students studying in the country. (MORE)
For CTH readers, allow me to explain what is happening that is not found in the Canadian financial media.
Business investment is essentially at zero; nothing is happening. Multinational corporations who are spending in Canada are purchasing assets. Other vulture capitalists and China are looking at exploiting the shrinking Canadian system, which is giving the Canadian govt a false sense of investment security. However, these institutions are not investing for growth, they are simply purchasing assets – purchasing in advance of what they predict will be massive leverage for how they will exploit the commodity or asset they are purchasing.
Carney is selling Canadian assets, pipelines, raw materials, energy, infrastructure and airports. He is essentially carving up the economy, selling Canadian assets and trying to organize the economy so that Canadians don’t realize the GDP shrinking around them. But you will notice that positive economic activity, that is activity that would grow the GDP valuation, is not Canadian owned.
Corporations who operate inside Canada are not replacing retirees and/or ordinary turnover within their organizations. Corporations are downsizing as the internal economic activity shrinks. This is directly related to the September jobs data.
Meanwhile, through deportation and cutting off the avenues of illegal alien subsistence in America, Trump is putting pressure on the parasite class of illegal migrants and a portion of those are fleeing to Canada. Trump is transferring the economic dependency to Carney.
The decline was concentrated in youth aged 15 to 24, who accounted for 48,000 job losses, according to the data agency. But the pool of young workers also shrank in September, leaving the unemployment rate for that group relatively unchanged at 13 per cent.
Core-aged women, between 25 and 54 years old, also held 28,000 fewer positions, and the number of women in that age group looking for work increased.
Quebec led the job losses by province, with 49,000 jobs lost in the month, while B.C. followed with 20,000 fewer jobs. Alberta, on the other hand, added 23,000 positions. (more)
It will get a lot worse. Slowly at first, then suddenly (USMCA termination notice) all at once.
That’s at the core of what these remarks are all about.
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These clowns never had a chance.
Well, at least they have hockey (nyuk, nyuk)
Carney seems to see himself as a tough guy and master negotiator. He instead seems to be way over his head in just about everything he has his hand in.
MAID is your friend
Clueless Mike Rogers running ad that says” Canada is not our enemy, “ wants to stop tariff war. Won’t help with leftits , could suppress Trump voters, one general at a time, and it ain’t Rogers.
But they have National Healthcare.
Carney does live in the Real World he lives in the New World Order World
"...Business investment is essentially at zero; nothing is happening. Multinational corporations who are spending in Canada are purchasing assets. Other vulture capitalists and China are looking at exploiting the shrinking Canadian system, which is giving the Canadian govt a false sense of investment security. However, these institutions are not investing for growth, they are simply purchasing assets – purchasing in advance of what they predict will be massive leverage for how they will exploit the commodity or asset they are purchasing.
Carney is selling Canadian assets, pipelines, raw materials, energy, infrastructure and airports. He is essentially carving up the economy, selling Canadian assets and trying to organize the economy so that Canadians don’t realize the GDP shrinking around them. But you will notice that positive economic activity, that is activity that would grow the GDP valuation, is not Canadian owned.
Corporations who operate inside Canada are not replacing retirees and/or ordinary turnover within their organizations. Corporations are downsizing as the internal economic activity shrinks. This is directly related to the September jobs data..."
Well.
Having an ally that was doubling down on their own campaign of repression (conservative truck drivers) was an visible public indicator that the Canada many of us knew growing up had turned into a vassal of Euro-Leftism.
I wish nothing bad on the Canadian people...
He doesn’t live in the real world , the n’t didn’t make it ,LOL
Meanwhile they are bringing in hundreds of thousands of cheap chinese EV’s. Trump banned these things because the ChiComs are selling them below cost and it would hurt our car companies but Canada said great bring them in. Idiots.
It’s sad.
That’s too many Canucks without jobs for them all to play hockey. Jughead is going to have to come up with some jobs from somewhere.
Then the next rep is an 11-ounce curl. And so on.
That’s too many Canucks without jobs for them all to play hockey. Not enough Carney jobs to go around. He is going to have to come up with some jobs from somewhere.
Our favorite buddy, Ursula von Leyden actually suggested that Canada may join EU!
BTW that’s against EU rules!
EU is in deep doo doo, so misery likes company.
Had a conversation with a Toronto resident today. He injected the political talk with the ugly American rhetoric. Had a little back and forth and it boiled down to his viewpoints being shaped by government controlled media.
He said we have the same here. My response: we can choose the perspective we get our news. Understanding the editorializing comes from differing perspectives of what society should expect in the US from government and its citizens. It should be measured with a value system based upon moral, ethical and constitutional plumb line. Canada does not have that freedom in media. You can only get what the state approves and to reach out somewhere else you (the Canadian) would call them loony.
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