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Canada’s job market enters new phase with zero job growth

August 20, 2026 by AdminNo Comments

Initial public offerings have been one of the biggest themes in financial markets on both sides of the border so far this year, with Elon Musk’s Space Exploration Technologies Corp. completing the largest IPO in history and drugmaker Apotex Health Corp. having the biggest IPO in Canada since 2021.The gap between the two deals is enormous, but bankers and lawyers advising Canadian dealmakers are encouraged to see IPOs returning to Canada after a prolonged slowdown between 2022 and 2024. Overall, Canada’s financial sector raised about $376 billion through 586 deals in the first six months of 2026, up 21.5 per cent from the $309.3 billion raised in the first half of 2025, according to Financial Post Data. The strong start puts the sector on track to surpass the $597 billion recorded in 2025, the highest annual total since 2010. — Naimul Karim, Financial PostKeep reading here. Source link...

Jobs in Canada: Report shows unemployment down

August 20, 2026 by AdminNo Comments

CTV News’ Jeremie Charron on the reasoning behind Canada’s unemployment numbers ‘outperforming what most experts were forecasting.’ OTTAWA -- A better start to the youth summer jobs market helped the economy record steady employment gains in June, Statistics Canada said Friday.Employers added 18,000 jobs last month, the agency said, mostly in part-time and private sector work.That pushed the unemployment rate down a tenth of a point to 6.5 per cent, back to where it stood in January.Employment gains narrowly topped economists’ expectations heading into the release but mark a slowdown from the 88,000 jobs added in May.Young workers have struggled in a tough labour market in recent years, but the group was a bright spot in the June jobs report.StatCan said youth aged 15 to 24 added 33,000 jobs in June, mostly in part-time work. Workers aged 25 to 54 saw similar gains while older members of the labour market faced losses.The unemployment rate for returning students -- those planning...

Unemployment rate fell to 6.5% in June with 18K new jobs, says StatCan – National

August 20, 2026 by AdminNo Comments

The Canadian economy kept adding jobs at a steady pace in June, in part because the youth summer job market got off to a great start, but economists say there are still areas of concern. Eighteen-thousand net new jobs were added to Canada’s labour force last month, according to the Labour Force Survey released by Statistics Canada Friday.The overall unemployment rate fell to 6.5 per cent from 6.6 per cent in May, when 88,000 net jobs were added. At the same time, sectors hit hard by economic uncertainty and tariffs saw weakness last month, including manufacturing.“Not a blockbuster report, but one that still took the labour market in the right direction,” says senior economist Brendon Bernard at Indeed Canada in a statement.Statistics Canada says 33,000 workers aged 15 to 24 found employment in June, which was a better start than last year. Story continues below advertisement The youth unemployment rate fell 0.7 per cent from May to 12.7 per cent in June, which is...

Government of Canada acts to protect Canadian softwood lumber jobs, announces support to lumber company

August 20, 2026 by AdminNo Comments

July 28, 2026 - St-Léonard, Quebec - Department of Finance Canada The global trade landscape is rapidly changing as the United States fundamentally transforms all of its trading relationships. While Canada retains the best overall deal of any U.S. trading partner, the impact on key sectors like softwood lumber is profound. That is why the government has introduced targeted measures to support Canada’s softwood lumber industry, protect Canadian jobs, and strengthen domestic industrial capacity. Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced that the federal government is providing a $60 million loan to Arbec Bois d'œuvre Inc. through the Large Enterprise Tariff Loan facility. The funding will help the company maintain operations, transition to a business model less reliant on the United States, and limit disruption to its workforce. Arbec operates eight plants in Saguenay-Lac-Saint-Jean, Mauricie, Côte-Nord. Operations include sawmilling, planning, drying, and finger joints. The company employs nearly 800 people. The softwood lumber industry is...

Canada added 18,000 jobs in June as unemployment rate edged down

August 20, 2026 by AdminNo Comments

Listen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.Canada's economy added 18,000 jobs in June, continuing the momentum in the job market seen the month before.According to data from Statistics Canada released Friday, the moderate addition of jobs helped edge down the unemployment rate slightly to 6.5 per cent, matching where the rate was in January. Analysts polled by Reuters had forecast a net of 10,000 job gains, following a big jump of 87,800 jobs in May, and they had estimated the unemployment rate at 6.6 per cent.Statistics Canada said the job gains ⁠in June were largely concentrated in part-time work and in accommodation and food services and wholesale and retail trade.Given the concentration of jobs in part-time work and industries like food service and retail trade, BMO chief economist Doug Porter says the figures shouldn't be taken...

Baseball Canada | JOB POSTING: Baseball Canada is searching for a Senior Director of Operations

August 20, 2026 by AdminNo Comments

JOB POSTING Baseball Canada is searching for a Senior Director of Operations. Baseball Canada, located in Ottawa, Ontario, is the national governing body for baseball in Canada and is made up of 10 provincial associations representing players, coaches and umpires nationwide. Baseball Canada is a member of both the Canadian Olympic Committee and the World Baseball Softball Confederation (WBSC). It is funded and recognized by Sport Canada and Canadian Heritage and is recognized by Revenue Canada as having charitable status. General Accountability The Sr. Director, Operations reports to the Chief Executive Officer (CEO) and is responsible for the development of all corporate communications, Public Relations and delivery of National Programs including events (National Championships) and Development youth baseball initiatives. The Sr. Director provides leadership and direction to staff to ensure the effective implementation and delivery of programs, services, events, and organizational priorities in alignment with the vision, mission, and values of the organization. The Sr. Director is accountable for overseeing the day-to-day operations of multiple...

Canada restricts common LMIA-exempt work permit to current employees

August 20, 2026 by AdminNo Comments

Foreign nationals can no longer be issued reciprocal employment work permits if their employment is set to begin only upon their arrival in Canada. Editor's note: Subsequent to the publication of this article, the immigration department indicated that due to a version control issue, it had published an erroneous version of the instructions which was not reflective of the intended policy, as described in our article on August 6, 2026. On July 29, 2026, Canada’s immigration department published updated instructions to officers directing how work permits are issued under the C20 exemption to the requirement for a Labour Market Impact Assessment (LMIA). Schedule a Free Work Permit Consultation The updated version of the instructions, now titled “Reciprocal employment general guidelines [R205(b) – C20] – Canadian interests – International Mobility Program” mandates that for a work permit to be issued, the worker “must be currently employed by the company abroad.” No mention of this limitation to current employees was to be found in the previous version...

Canada’s labour market expected to show further stabilization into summer

August 20, 2026 by AdminNo Comments

For the week of August 3rd Next Friday’s labour market report for July in Canada is the first for Q3, and an important update on whether the gradual improvement seen in recent months is continuing. We expect jobs to increase by 5,000 with the unemployment rate holding steady at 6.5%. That would still leave the employment count down slightly in 2026, but would add to increases over May and June. And, with population (and labour force growth) slowing, the unemployment rate holding at 6.5% (down from 6.9% in April, and lower 0.4% from a year ago) remains consistent with per-worker market conditions broadly improving. Recent labour market indicators, including job postings, have changed little heading into July, suggesting hiring demand has continued to stabilize despite ongoing trade uncertainty. The composition of employment gains and wage growth will also remain important. June’s increase was driven primarily by part-time jobs, while full-time positions saw a more modest gain. Average hourly wage growth also picked up...

Payroll employment growth slows as job vacancies hold steady in Canada

August 20, 2026 by AdminNo Comments

Wages, job vacancies Average weekly earnings reached $1,337.77 in May, little changed from April but up 3.4% year over year, following a 3.7% increase in April, Statistics Canada reported. The agency noted that "growth in average weekly earnings can reflect a range of factors, including changes in wages, composition of employment, hours worked and base-year effects." Average weekly hours worked held at 33.4 hours in May, little changed monthly and year over year. The moderating wage growth is a figure compensation teams will want to weigh when benchmarking salaries for the rest of the fiscal year. Job vacancies stood at 495,700 in May, little changed from April, Statistics Canada said, marking the fifth consecutive month of little variation. The job vacancy rate was 2.8%, unchanged year over year and within the narrow 2.7%-to-2.8% range held since April 2025. Vacancies rose in construction (+5,900; +18.4%) and professional, scientific and technical services (+4,500; +13.8%), but fell in health care and social assistance (-11,500; -11.6%), which StatCan...

Canada’s July jobs data set to confirm labour market recovery

August 20, 2026 by AdminNo Comments

Rate hold path stays intact ahead of September decision The Bank of Canada held its overnight rate at 2.25% on July 15, for the sixth consecutive time, with its next announcement set for September 2. Brokers monitoring variable-rate mortgage exposure will note that divisions among Bank of Canada decisionmakers on the economy's resilience have surfaced in recent governing council deliberations, even as most forecasters maintain a hold call for September. "A July report broadly in line with our expectations would reinforce our base case forecast that Canada's labour market is continuing to stabilize, supporting the view that the economy remains on a path of modest, but steady expansion," Janzen and Xu wrote. On the trade front, RBC projects Canadian exports to decline 1.2% in June on lower oil prices, while imports are expected to edge up 0.3% on moderate motor vehicle shipments. The merchandise trade surplus is expected to narrow to $3.1 billion from $4.2 billion in May. RBC economist Claire Fan previously said that "interest...