Canada loses 41,700 jobs in August, far missing 15,000 gain forecast
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
04/09/2026 12:416 min read
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
BOC Governor Macklem comments on inflation risks and policy outlook, influencing the CAD.
Bank of Canada kept policy rate unchanged, citing a broadening recovery but increased upside risks to inflation from energy prices and trade uncertainty.
The Bank of Canada held its overnight rate at 2.25%, noting increased inflation risks and trade uncertainty from US tariffs.