đź“Š Canada’s Job Market Surprises in May
Canada’s labour market showed unexpected strength in May, adding 88,000 jobs, according to the latest data from Statistics Canada. As a result, the national unemployment rate improved to 6.6%, down from 6.9% in April. This marks the first major employment increase since November 2025 and helps recover some of the job losses seen earlier this year. đź’Ľ A Stronger-Than-Expected Rebound Economists were expecting a much smaller gain of around 10,000
Canada Lost Jobs in April as Unemployment Climbed to 6.9%
Canada’s job market slowed down in April, with the economy losing 17,700 jobs and the unemployment rate rising to 6.9%, according to Statistics Canada. Economists were actually expecting job growth, so the weaker numbers came as a surprise. 📉 What Happened? While Canada still has more jobs overall compared to last year, the country has now lost around 112,000 jobs since January 2026. Most of those losses were in full-time
Bank of Canada Holds Rates Steady (April 2026)
The Bank of Canada has decided to keep its key interest rate at 2.25% for now. This comes despite rising oil prices and global tensions. While some expected a rate hike to control inflation, the Bank chose to hold steady and watch how things unfold. No immediate changes, but lots of uncertainty ahead. 📊 What’s Happening in Canada’s Economy? Inflation Update Inflation rose to 2.4% in March, mainly driven by
Canada’s Job Market Update: March 2026
Canada saw a small rebound in jobs this March, but the bigger picture still shows a slowing labour market. đź“Š What Happened in March? Canada added 14,000 jobs in March, according to the latest data from Statistics Canada. While this is a step in the right direction, it only recovers a small portion of the 84,000 jobs lost in February, which came as a surprise to many economists. The unemployment
🏡 Ontario Proposes HST Break on New Homes
The Ontario government is planning a temporary tax break on newly built homes to help make housing more affordable. The proposal would remove the full 13% HST on eligible new homes for one year, working alongside the federal government. 💰 What Buyers Could Save If this plan goes through, here’s what it could mean: 🗓️ Program timeline: April 1, 2026 → March 31, 2027 🏗️ Some projects could still qualify
Canada’s Economy Slows Down
Canada’s economy shrank more than expected in the last three months of 2025. 📉 GDP fell by 0.6% in the fourth quarter, according to Statistics Canada.For the full year, the economy grew by 1.7%, marking the weakest annual growth since the early days of the COVID-19 pandemic. That slowdown happened as businesses reduced their inventories, even though consumers were still spending, businesses continued investing, and governments increased spending. 🏦 Will
Canada’s Jobs Report at a Glance 📊
Canada lost 24,800 jobs last month, surprising economists who were expecting modest job growth. The biggest hit came from manufacturing, as U.S. tariffs continue to weigh on export-focused industries. 📉 Employment Fell, But Unemployment Also Dropped Despite job losses, Canada’s unemployment rate fell to 6.5%, down from 6.8%. Why?Fewer people were actively looking for work, which lowered the overall unemployment rate. The labour force participation rate dropped to 65%, its
📊 Canada’s Unemployment Rate Rises in December
Canada ended the year with a higher unemployment rate, even though more jobs were added to the economy. According to Statistics Canada, the unemployment rate climbed to 6.8% in December, up from 6.5% in November. The increase was driven by more people actively looking for work, not by widespread job losses. đź’Ľ Jobs Still Added, Beating Expectations Despite the higher jobless rate, the economy added 8,200 jobs in December, outperforming