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Canada could lose 102,000 jobs and the United States 214,000 by 2027 if the Canada-U.S.-Mexico free trade agreement collapses, according to a report prepared for the Canadian American Business Council by Oxford Economics. The study warns that even leaving today’s tariffs in place would slow export growth and keep unemployment elevated, while critics argue the government has left workers exposed and needs to spell out its red lines before signing any renewed deal. The stakes are magnified by how much of Canada’s economy rides on a single customer. With more than three-quarters of the country’s goods exports flowing south, forecasters have repeatedly flagged the relationship as an existential economic dependency rather than a routine trade file. “With more than 75 percent of Canadian goods exports going to the United States, it is imperative that Canada gets its relationship with the U.S. right,” wrote Zachary Siewert, a manager at Cultivate Labs and a professional forecaster at the RAND Forecasting Initiative, in an analysis...

OTTAWA — Canada’s unemployment rate rose to a six-month high in April to 6.9 per cent as the economy lost a net 17,700 jobs, Statistics Canada data showed on Friday, indicating continued weakness in a labor market that has struggled in the face of U.S. tariffs and trade uncertainty.Analysts polled by Reuters had predicted a net gain of 15,000 jobs and an unemployment rate of 6.7 per cent, almost mirroring the data from March, when employment rose by 14,100 and the jobless rate was unchanged.The Bank of Canada said in its Monetary Policy Report last month that indicators such as the employment rate, hours worked and job vacancies suggest there is slack, or underutilized capacity, in the labor market, although layoffs remain modest.The looming uncertainty around the future of the North American free trade deal and the knock-on impacts of the higher prices from the Iran war has added to the negative impact of U.S. tariffs on the economy for...

Apple is cutting around 200 jobs across its hardware and software divisions as it shifts focus toward new products and artificial intelligence, according to Bloomberg’s Mark Gurman. The layoffs hit teams working on the pricey Vision Pro headset, including its gaming division and immersive video group. Apple is scaling back these efforts to reflect how customers actually use the device and to curb expenses. Producing immersive video content can cost millions of dollars per episode, while the Vision Pro has struggled to gain traction as a gaming platform. On the software side, Apple is eliminating roles within its Siri and Intelligence Systems Experience teams. The changes are designed to restructure engineering teams around Apple’s new AI architecture and accelerate the development of upcoming artificial intelligence features across its lineup. “As we continue to evolve our business to deliver the best experiences for our users, we are realigning some of our teams,” an Apple spokesperson said in a statement, adding that affected employees will...

RBC also noted that job postings "have changed little heading into July, suggesting hiring demand has continued to stabilize despite ongoing trade uncertainty." For HR teams, that plateau suggests hiring plans are unlikely to shift sharply in either direction heading into fall workforce planning. HR professionals should take note of Canada's second straight month of economic growth, as broad-based gains across may be signalling tightening labour markets and rising hiring competition, recent Statistics Canada numbers (StatCan) showed. Wage growth and employment composition According to the RBC report, June's employment increase was driven mainly by part-time positions, with full-time roles posting a more modest gain — a mix that carries implications for benefits eligibility and staffing models depending on an organization's workforce composition. Average hourly wage growth picked up slightly in June after slowing sharply in May, RBC said, but the economists cautioned that growth is likely to keep drifting lower given that labour market slack remains high by historical standards. That trend is one...

CTV National News: Canada-U.S. trade talks enter crunch time as tariff deadline nears'Canada will continue to need to give and take': Former Trudeau advisor on trade talks with U.S.Alcohol status unknown as Canada-U.S. sectoral tariff deadline around one week awayCanada-U.S. trade meetings reaching ‘high profile stakes’ as talks set to continue in Washington‘This is a meeting that’s going to matter’: Reid on U.S. trade talks as tariff deadline loomsCTV National News: Americans say they want Canada-U.S. trade to go back to normal Source link...

OTTAWA – Canada’s job market took a leap toward recovery in July, adding 75,000 jobs, but economists say there’s still a long road ahead before the Bank of Canada considers tightening policy. Statistics Canada said the unemployment rate fell to its lowest level in two years to 6.4 per cent. Economists in a Reuters poll ahead of the release predicted a modest 15,000-job gain.  July’s job growth was split between full- and part-time work, with Ontario adding 52,000 jobs. Statistics Canada said the country is now up 181,000 jobs since April, and 196,000 from a year ago. “It’s stronger growth than we were maybe anticipating a few months ago,” said CIBC senior economist Andrew Grantham in an interview. “It is consistent with what we’re seeing in terms of the GDP figures that the Canadian economy is recovering, even though we do see that there’s more slack in the economy to go and this recovery will need to continue before we really have to worry about Bank...

Canada's federal government has set targets to admit up to 230,000 temporary foreign workers through two major permit programmes in 2026New rules introduced in August 2026 allow eligible employers to hire more low-wage workers across small work locations, potentially widening opportunitiesKenyan job seekers could benefit as more employers qualify to bring in foreign workers, though competition for the 60,000 TFWP slots remains stiffSearch option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner ;)Elijah Ntongai is an experienced editor at TUKO.co.ke, with more than four years in financial, business, labour and technology research and reporting. His work provides valuable insights into Kenyan, African, and global trends.Canada's federal government has announced plans to admit up to 230,000 temporary foreign workers in 2026 through its two main work permit pathways, with wages for qualifying positions reaching between KSh 3,000 and KSh 4,000 per hour depending on the province.Canada's federal...

WINNIPEG, MB — As economic uncertainty, Trump’s trade war and climate pressures reshape the globe, over 2,000 delegates from every sector of Canada’s economy have adopted a bold action plan to build and transform Canada’s economic foundation around good union jobs, domestic manufacturing, and nation-building investments.   “Canada cannot build a resilient economy by outsourcing jobs, relying on fragile supply chains, or leaving workers behind,” said Bea Bruske. “This plan is about building the infrastructure, industries, and skilled workforce Canada needs, and making sure workers share in the prosperity they create.”   The action plan prioritizes nation-building investments in public infrastructure, transportation, energy systems, skills training, apprenticeships, and workforce development to ensure a skilled and job-ready workforce for the future.   It also advances for a worker-centred approach to building a worker-centred strategy through investments in clean electricity generation, public transit, electrification, climate adaptation, and industrial decarbonization while protecting and creating good union jobs.   Canada’s unions will continue to push governments to use public procurement, strategic investment, and industrial policy to strengthen domestic supply chains, raise...

The restaurant and accommodation industry has been the biggest net youth jobs creator of any sector since the start of the year, says Restaurants Canada. While most other industries have been cutting youth jobs, the restaurant industry employed an average of 52,770 more youth during the first half of 2026 than during the same period in 2025, according to the latest Statistics Canada Labour Force survey released today. “The numbers are clear—our sector has created more new youth jobs than all other industries combined,” said Kelly Higginson, President and CEO of Restaurants Canada. “As youth unemployment continues to be a major national concern, the restaurant industry continues to play an important role in ensuring young people have the opportunities they need to launch their careers.”  The restaurant and accommodation sector employed 543,000 youth in June, a 12% increase over last year. Restaurants account for 85% of employment in the sector. British Columbia saw the biggest increase of youth restaurant jobs (16,800), followed by Alberta (14,000) and Quebec (10,000). Restaurants...

Introduction Statistics Canada’s value added in exports (VAE) program provides estimates of both the amount of gross domestic product (GDP) and the number of jobs that can be attributed to the production of goods and services for export. These data provide a comprehensive framework for evaluating the importance of exports to the Canadian economy. The VAE data also provide a basis for quantifying the degree of cross-border integration within trade-oriented sectors such as manufacturing that rely heavily on cross-border shipments. These export-intensive sectors generally make large contributions to economy-wide GDP and employ sizable concentrations of high-wage workers in high value-added jobs. Exports generated 3.9 million jobs in 2024 — both directly in the production of products for export and indirectly through the purchases of goods and services from domestic suppliers that were used in the creation of these exports. In 2024, 15.9% of Canada’s GDP reflected the production of exports that were destined for the United States, accounting...