Shafaqna English- The latest employment figures from Canada, published on Friday(7 Aug 2026), surprised to the upside, with job creation far exceeding consensus estimates and the unemployment rate hitting a two-year nadir. This positive data provides yet another indication that Canada’s economy remains resilient in the face of U.S. import duties and broader geopolitical uncertainties.
According to Statistics Canada, employment climbed by 75,100 positions in July, with robust growth recorded in both the full-time and part-time segments. The unemployment rate, which has now fallen for three consecutive months, declined from 6.5% to 6.4%, matching the lowest reading observed since July 2024.
Source: Reuters