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.

OTTAWA - Statistics Canada is expected to release its labour market report for the month of May this morning.

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