The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada reported on Friday that the country added 75,000 jobs in July and its unemployment rate dipped by 0.1 of a point to 6.4 per cent, the lowest level in two years. Economists had earlier projected a modest gain of 15,000 jobs. Canada has added 181,000 jobs since April and 196,000 over the past year. The unemployment is down 0.5 of a point from a year ago. The wholesale and trade sector saw the most hirings at 21,000 positions. However, the youth unemployment rate was virtually unchanged at 12.6 per cent.
– The United States Labor Department reported on Friday that 23,000 jobs were cut in July and the department downwardly revised a combined 103,000 jobs from May and June totals. Despite this, the unemployment rate declined at 4.1 per cent, the lowest level since June 2025, due to people leaving the job market. Forecasters expected 100,000 jobs to be created last month. The share of the population working or looking for work dropped to 61.4 per cent, the lowest level since Feb. 2021.
– Ford recalled more than 20,000 vehicles in Canada, as well as 134,000 in the U.S., due to two separate issues. The company found that the rear quarter window glass trim may not have been secured properly in the Mustang Mach-E for 2023 and 2024. Also, the rear-view camera image with the F-150 and F-250 Super Duty could be partially blocked in models going back to 2021.