Perhaps the very best news for Canada's trade negotiators. Strong evidence that Trump's tariffs are harming the American economy more than the Canadian economy.
America's inflation rate is much higher than that of Canada.
Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years
https://www.cbc.ca/news/business/canada-jobs-july-2026-9.7299225
8 Comments
Unleaded8163@fedia.io · 11 pts · 16d
Meanwhile https://www.cnbc.com/2026/08/07/jobs-report-july-2026.html
avidamoeba@lemmy.ca · 8 pts · 16d
Not bad given the current state of affairs.
Zorque@lemmy.world · 5 pts · 15d
Cool, are they good jobs?
Rat_in_a_hat@lemmy.ca · 8 pts · 15d
I remember reading the employment report a few months back and it said majority of the jobs were part-time.
Another reason why 'unemployment rate' isn't the best metric, but it's good enough for economists to write articles.
ProudCanadianCitizen@lemmy.ca · -2 pts · 15d
Ahh, yes. If an immigrant takes the low-paying job, he is taking a job from a Canadian. If a Canadian takes the same job, it is a disgrace and shouldn't count because it is so low paying.
You can't make ends meet if you are single-income and minimum wage, but it sure helps the family budget if the minimum wage job is a second income.
Zorque@lemmy.world · 4 pts · 15d
What the ever loving fuck are you talking about?
ProudCanadianCitizen@lemmy.ca · -1 pts · 15d
I am talking about a healthy economy with full time high wage jobs for those who want them, and low wage casual employment for those who want this type of employment. A functioning economy requires both, in order for everything to be affordable. If every job is high wage, then the cost of living becomes so extreme the high wage earners are actually in poverty because even with the high wage they cannot afford what they need. Inflation always balances out everything.
DerisionConsulting@lemmy.ca · 4 pts · 15d
Why are you bringing up immigrants out of no where?
"More" jobs isn't always a good thing.
If a full time position gets removed, and is replaced by 3 people who only get 12 hours a week each, that increases the number of jobs, but isn't really a positive thing.