Employers added 75,000 positions in July, and have now created 181,000 jobs since April, despite data suggesting that the economy was sliding into a recession. Statistics Canada said the employment rate rose to 60.9 per cent, the highest since December 2025. (The Logic)

Talking point: Canada’s labour market still exhibits the kind of strain that you’d expect of a trade-dependent economy besieged by the buyer of most of its exports. Employers have created about 197,000 jobs since July 2025, compared with 293,000 over the previous 12-month period. Factories added about 11,000 jobs in July, which puts manufacturing payrolls back where they were at the start of the year. The youth unemployment rate was historically high at 12.6 per cent, but down from a recent peak of 14.3 per cent. Incremental growth is probably the best Canada can expect as it adjusts to a world in which the U.S. is no longer a hassle-free market.

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