Employment in Canada increased by a surprising 87,800 in May after a soft start to the year for the labor market, bringing the jobless rate down to 6.6%.

Canada's rising labour costs outpaced growth at the start of 2026 and business productivity fell for the second straight quarter. Read more

Canada unemployment rate fell to 6.6% in May as the economy added 88,000 jobs, the first major employment gain since November 2025. Read on

Employment in Canada increased by a surprising 87,800 in May after a soft start to the year for the labor market, bringing the jobless rate down to 6.6%.

Canada added 87,800 jobs in May 2026, crushing forecasts and dropping unemployment to 6.6%. Here's what it means for rate cuts and crypto markets.

Canada added 87,800 jobs in May, crushing forecasts of 10,000. Unemployment fell to 6.6%, dimming Bank of Canada rate cut hopes and pressuring risk assets.

Canada added 88,000 jobs in May 2026, crushing forecasts of 10,000. The unemployment rate fell to 6.6%, reshaping Bank of Canada rate cut expectations.