Canada’s job market stumbles as nearly 84,000 jobs vanish, raising alarm for 2026 economy
Canada’s labour market suffered a sharp setback in February, with employers cutting 83,900 jobs, the steepest monthly drop since 2009 outside the pandemic period. The unemployment rate rose to 6.7%, while full-time positions saw the biggest losses. The unexpected downturn has clouded the economic outlook and could influence upcoming interest-rate decisions by the Bank of Canada.
Canada’s labour market suffered a sharp setback in February, with employers cutting 83,900 jobs, the steepest monthly drop since 2009 outside the pandemic period. The unemployment rate rose to 6.7%, while full-time positions saw the biggest losses. The unexpected downturn has clouded the economic outlook and could influence upcoming interest-rate decisions by the Bank of Canada. What's Your Reaction?
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