Canada Adds 75,000 Jobs in July, Unemployment Hits Two-Year Low of 6.4%

Canada's economy added 75,000 jobs in July 2026, Statistics Canada reported August 7, driving unemployment to 6.4% — a two-year low — from 6.5% in June. The gain tripled consensus expectations of 20,000 positions. The employment rate edged up to 60.9%. The figures land amid escalating U.S. tariff pressure that could test whether this momentum holds.