Canada Employment Research Brief

Labour market sees strong print. Canada’s economy added 83,100 jobs in June, well-above consensus, which pulled the jobless rate down 10 basis points to 6.9 per cent. This reading marked the largest monthly employment gain since December and brought year-to-date hiring to 142,000 positions. Although this is down roughly 20 per cent from last year, positive job creation through the first half of 2025 suggests that Canada’s economy is showing some resilience. Under the hood, there were also plenty of encouraging signs.