08/07/2026
Canada's job market delivered some encouraging news in July.
The economy added more than 75,000 jobs, unemployment fell to 6.4%, and employment has grown by 181,000 jobs over the past three months, the strongest stretch we've seen in quite some time.
More Canadians are finding work, with gains across industries like retail, finance, construction, and professional services. Ontario and British Columbia also saw strong employment growth.
While there are still uncertainties, including the potential for new U.S. tariffs later this month, Canada's economy is showing signs of resilience.
What does this mean for Canadians?
A stronger job market is generally good news for the economy, but it also means the Bank of Canada may be more cautious about lowering interest rates in the near future. As always, we'll be watching closely and keeping you informed.