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Bar chart showing Canadian employment changes by sector in August 2026, with a 42,000 net job decline.

August's job losses were concentrated outside manufacturing, which was the lone sector to add positions while business services, public administration, natural resources, and utilities all cut staff. The decline lands alongside wage growth slowing to its weakest pace since 2017 and headline inflation running near 3%, mostly on gasoline costs tied to Middle East tensions. The Bank of Canada's October decision now has to weigh a labour market and an inflation print pointing in opposite directions.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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