09
Aug
Ottawa, August 9, 2025 – Canada’s labour market took a significant hit in July, shedding 40,800 jobs and reversing much of the strong hiring seen in June, when the economy had added 83,000 positions. The drop pulled the employment rate down to 60.7%, marking its lowest level in eight months, according to data released by Statistics Canada on Friday.Despite the job losses, the unemployment rate held steady at 6.9%, remaining near multi-year highs. The figures came in weaker than expected, as analysts had projected an increase of 13,500 jobs and a rise in unemployment to 7%.Youth workers bore the brunt…