Nairalanceblog – Page 6 – Business and career guide

Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years

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 added 75,000 jobs in July, up 0.4 per cent, as the unemployment rate fell to 6.4 per cent, its lowest level in two years.Statistics Canada's labour force survey released on Friday said most of those gains were split between full- and part-time work, as wholesale and retail trade alone added 21,000 new jobs. The agency says employment rose for people aged 25 to 54, and mostly for women in that age group.The unemployment rate held steady at 5.8 per cent for men aged 25 to 54, Statistics Canada says, while falling 5.2 per cent for women in that cohort. Ontario added the most jobs of any province in July, with 52,000, or an increase of 0.6 per cent, mostly in the professional, scientific and technical services sector. British...

Canada adds 75,000 jobs in July

August 20, 2026 by AdminNo Comments

The July gains were concentrated in the private sector. Private sector employment rose by 58,000, while self-employed workers added 44,000. Those gains were partially offset by a decline of 27,000 in public sector employment, according to Statistics Canada. Since April, private sector workers account for the bulk of net job creation, adding 146,000 positions, while self-employment has risen by 73,000. Source link...

Global Markets: Canada adds 75,000 jobs in July

August 20, 2026 by AdminNo Comments

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....

A Rollicking July for Canadian Jobs

August 20, 2026 by AdminNo Comments

By Douglas Porter August 7, 2026 Who had this on their bingo card a year ago, or even three months ago? Canadian job growth has handily topped U.S. trends over the past 12 months. The rollicking 75,100 jobs jump in July lifted Canadian employment 0.9% above year-ago levels. While far from robust, that’s certainly a sturdier pace than many would have dared to call for a year ago, as the trade tiff raged and governments across the land rolled out support measures for various hard-hit sectors. In comparison, U.S. payrolls are now up just 0.2% y/y (and 0.5% for private sector jobs), while the household survey reports a 0.6% y/y drop. (Canada’s payroll report runs nearly two months late, but as of May, it showed a 0.6% y/y rise in jobs, very close to the LFS at that time.) Without agonizing over the details, the big picture is that the Canadian economy appears to be rebounding smartly from the pronounced lull from early 2025 to...

These are the biggest industries hiring in Canada right now

August 20, 2026 by AdminNo Comments

Canadians looking for a full-time or part-time job need to brush up their resumes because certain industries seem to be on a hiring spree right now. Statistics Canada released its latest Labour Force Survey on Friday, revealing that the country added approximately 75,000 jobs in July 2026. The number offers some relief to job seekers who have been dealing with a tough-to-break-through market. Canada’s unemployment rate dropped slightly to 6.4 per cent in July, marking the lowest level seen in two years. While a small drop may not seem like a major change, it means more people are getting hired, and businesses are continuing to bring on more workers. The national statistical agency also found that unemployed Canadians are finding work more often now compared to last year. The percentage of unemployed people who found a job in June and July increased to 20.8 per cent, up from 18.5 per cent during the same period last year. That being said, finding a job is still not easy for...

Canada could lose more than 100K jobs if CUSMA dies: report

August 20, 2026 by AdminNo Comments

OTTAWA — Canada could lose 102,000 jobs if the Canada-U.S.-Mexico agreement on trade breaks down, a new report warns. The report, prepared for the Canadian American Business Council by Oxford Economics, studied the potential economic consequences of various CUSMA scenarios, including termination of the deal. The report says the United States would lose 214,000 jobs in 2027 if CUSMA died. “Many of these jobs would be in manufacturing industries directly impacted by tariffs, but the service sector would also feel the impact as lower disposable income causes households to reduce consumer spending and lower trade, and investment reduces demand for transportation, construction and professional services,” says the report. The successful renegotiation of CUSMA, it says, would create 137,000 American jobs and 98,000 Canadian jobs. “The status quo is not a neutral baseline,” said the report. “Even holding today’s tariffs in place slows export growth and keeps unemployment elevated in both countries.” Bea Bruske, president of the Canadian Labour Congress, said in an email that Canadian...

Look West: Jobs and Prosperity for a Stronger BC and Canada

August 20, 2026 by AdminNo Comments

A targeted strategy to deliver major projects, expand skills training and grow key sectors to strengthen the economy. A strategy built for people to succeed Look West is a targeted plan designed to deliver major projects, create good jobs and strengthen B.C. and Canada’s economic security in the face of economic threats. We’re seizing opportunities and leveraging our strengths to deliver for B.C. and for Canada. We have the resources Canada and the world need, the infrastructure and coastal ports to deliver them to market, and the skilled people and regulatory framework to complete major projects, on time and within budget. Actions at a glance Our approach is built on three key pillars. Strengthening our workforce Focusing on skilled trades training to build the talent we need Leveraging talent and expertise from across Canada and around the globe Advancing skills training for highly qualified professions to drive Canada’s key economic sectors Connecting industry to quality training opportunities Learn more about our workforce Delivering major projects faster Accelerating major job-creating projects Speeding up and streamlining permitting,...

Canada added 75,000 jobs: What newcomers need to know

August 20, 2026 by AdminNo Comments

Canada’s job market improved in July 2026. Employment increased by 75,000 jobs, and the unemployment rate fell to 6.4%, its lowest level in two years. British Columbia also added about 18,000 jobs. These are positive signs. But if you are looking for work, finding a job may still feel difficult. Here is what the latest numbers can mean for your job search. Some industries are growing more than others Job opportunities are not growing equally across industries. In July, employment increased in: Wholesale and retail: +21,000 jobs Finance, insurance, and real estate: +18,000 Professional, scientific and technical services: +17,000 Construction: +16,000 This is why it can be helpful to look beyond one job title or industry. Think about your transferable skills As a newcomer, your previous job title may be different from job titles used in Canada. But many of your skills can still be valuable to Canadian employers. Think about what you did in your previous roles. Did you work with customers, manage projects, supervise people, solve problems or use specialized technology? These...

CUSMA breakdown could mean hundreds of thousands of jobs, a trillion dollars lost: report

August 20, 2026 by AdminNo Comments

The report (new window), prepared for the Canadian American Business Council by Oxford Economics — an independent economic advisory firm — and released Monday, analyzed the likely result of three different outcomes of the ongoing trade talks between the U.S. and Canada. The scenarios were a status quo situation where current tariffs remain in place, a scenario where the CUSMA agreement breaks down, and one where CUSMA is successfully renegotiated and the trading relationship improves. In the event that CUSMA were to end, a projected 214,000 American and 102,000 Canadian jobs would be lost, the report said, compared to the status quo scenario. But if CUSMA were renegotiated successfully, the U.S. and Canada stand to add jobs — 137,000 and 98,000 of them, respectively. "It means real jobs and security and stability [lost] at a time where affordability is front and centre for so many Canadians and Americans," Beth Burke, the CEO of the Canadian American Business Council, told Power and Politics in an interview...

Over 4,000 jobs created in northeastern Ontario since last July, says Statistics Canada

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.A labour force survey from Statistics Canada shows that unemployment in northeastern Ontario was at 6.5 per cent, in line with the national average of 6.4 per cent.Last July. Canada fell to its lowest level in two years, adding 75 000 jobs across the country; 4,400 of them in the northeast. This month’s employment gains were concentrated in Ontario, but some groups are finding it harder to find jobs in the northeast, like youth aged 15 to 24, whose unemployment rate is at 13.8 per cent compared to the national average of 12.6 per cent. That’s still up from last year’s national and regional averages. The highest performing sectors are include the trades, transportation and warehousing, healthcare and social assistance, finance and insurance, and real estate and rental leasing. A statistics Canada...