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Canada lost an unexpected 84,000 jobs in February, pushing unemployment rate to 6.7%: StatCan
Youth unemployment rose to 14.1%, the highest in 15 years outside the pandemic, with losses seen across multiple sectors including wholesale and retail trade, Statistics Canada reported.
- On Friday, Statistics Canada reported Canada shed 84,000 jobs in February, causing the national unemployment rate to rise to 6.7 per cent.
- Falling participation and full‑time losses drove February's decline, with more than 100,000 full‑time jobs lost, private‑sector employment down 73,000, and young workers aged 15 to 24 losing 47,000 jobs, Statistics Canada said.
- Sectoral data show the wholesale and retail trade sector lost 18,000 jobs and the other services industry shed 14,000, while Quebec lost 57,000 jobs and British Columbia lost 20,000 positions.
- The release comes less than a week before the Bank of Canada's March 18 decision and economists who had expected a 10,000-job gain said the weak print supports a pause in rate hikes.
- After adding 189,000 positions in late 2025, Canada has recorded two consecutive months of job losses to start 2026 and total employment year‑over‑year was little changed with an employment rate of 60.6 per cent.
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Total News Sources48
Leaning Left24Leaning Right1Center9Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
C 26%
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