EconomyGlobal National: Sept. 4, 2026 | Canadian job market declines as August hot streak ends

Canada lost 42,000 jobs in August despite economists’ expectations of a modest increase, ending its recent run of strong employment gains. U.S. jobs instead rose unexpectedly after a series of declines, and the White House quickly credited tariffs. Strong U.S. employment and persistent inflation could also prompt the Federal Reserve to raise rates.