Canada Added Far More Jobs Than Expected in July

Canada's economy created 75,000 jobs in July 2026 — far above the 20,000 people expected, the government reported August 7. That pushed unemployment (people looking for work who can't find it) down to 6.4%, a two-year low, from 6.5% in June. The share of people working rose to 60.9%. Rising U.S. tariffs — taxes on Canadian goods — could test this momentum.