Canada's Jobs Boom Masks Structural Weaknesses as Trade Clock Ticks Down

Canada cranked out 75,000 jobs in July — nearly four times the 20,000 economists predicted — while the unemployment rate dropped to 6.4%, its lowest since July 2024 and the third consecutive monthly decline. Private employers chipped in 57,900 positions, suggesting businesses are still willing to hire despite tariff uncertainty and slowing growth. For Bank of Canada watchers, this gives the central bank room to hold rates steady rather than rush deeper cuts, a signal...