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Canada loses 42,000 jobs in August, unemployment stays 6.4%

9/7/2026

13 2 Full Breakdown

Summary

Story summary

Canada’s labour market shed 42,000 jobs in August, keeping the unemployment rate at 6.4 percent.
Public-sector employment fell by 20,000, the third straight month of losses.
The United States imposed 50 percent tariffs on $28 billion of Canadian goods.
Canada retaliated with tariffs on $27.6 billion of U.S. goods.
The federal government launched a $7.5 billion relief program for workers and businesses hit by the tariffs.

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Story summary

Canada’s labour market shed 42,000 jobs in August, keeping the unemployment rate at 6.4 percent.
Public-sector employment fell by 20,000, the third straight month of losses.
The United States imposed 50 percent tariffs on $28 billion of Canadian goods.
Canada retaliated with tariffs on $27.6 billion of U.S. goods.
The federal government launched a $7.5 billion relief program for workers and businesses hit by the tariffs.