Labour Market Jitters: Canada Loses 41,700 Jobs as Trade War Hits Home

Canada’s economy unexpectedly lost 41,700 jobs in August, a sharp reversal that economists say pushes back against the Bank of Canada’s recent hawkish tone. The unemployment rate held at 6.4 per cent, but the headline number missed market expectations of a 15,000-job gain by a wide margin. The numbers arrived just days after the central bank held interest rates steady at 2.25 per cent for the seventh consecutive meeting, citing inflation concerns even as the...