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Story perspectives

Canada Adds 75K Jobs, Unemployment Hits 2-Year Low

8/7/2026

23 5 Full Breakdown

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Story summary
  • Canada added 75,000 jobs in July, bringing unemployment down to 6.4%, the lowest in two years.
  • Ontario and British Columbia added 70,000 jobs, with Ontario’s 52,000 in professional, scientific and technical services.
  • Wholesale and retail trade, finance and insurance, and professional services added 56,000 jobs.
  • Public administration and agriculture together lost 24,600 jobs in July.
  • Douglas Porter and Andrew Grantham said the 2.8% wage rise in July exceeded expectations.