Summary
Canada lost more than 100,000 jobs in the first two months of 2026, with the unemployment rate rising to 6.7%. The job losses are linked to U.S. tariffs affecting Canadian sectors, such as trade and retail, increasing pressure on Prime Minister Mark Carney's government.
Key Facts
- Canada lost over 100,000 jobs since January 2026.
- The unemployment rate in Canada rose to 6.7%.
- The wholesale and retail trade sectors were most affected.
- U.S. tariffs on Canadian industries contributed to job losses.
- Prime Minister Mark Carney noted these tariffs are causing big changes in Canada's economy.
- The U.S. is Canada's biggest export market, buying about 67% of Canadian goods recently.
- The future of the North American trade agreement, USMCA, is uncertain, affecting economic stability.
- Leader of Canada's Conservative party criticized government handling of the economic challenges.
