Saturday, September 5, 2026 A wild week wraps up with mixed signals: Canada's job market stumbled just as America's roared back, the TSX gave back some ground, and Tuesday brings a new round of retaliatory tariffs. Here's what actually matters for your wallet. 1. Canada Lost 42,000 Jobs in August — Unemployment Holds at 6.4% Statistics Canada's Labour Force Survey showed employment fell by 41,700 to 42,000 in August, a sharp reversal after July's 75,100-job surge and well short of the roughly 15,000-job gain economists expected. Full-time work took the biggest hit, down about 36,000, while the public sector shed jobs for a third straight month. Manufacturing was the lone bright spot, adding 22,000 positions. The unemployment rate held steady at 6.4% because the labour force shrank too, and wage growth cooled to just 2.0% year-over-year — the slowest pace since 2017 outside the pandemic. WHAT IT MEANS FOR YOU Slower wage growth means smaller raises are more likely ...
Mark Carney to Contest Nepean Seat in Upcoming Election
Mark Carney, the leader of the Liberal Party and former governor of the Bank of Canada, has announced his candidacy for the Ottawa riding of Nepean in the upcoming federal election. This decision follows the party's recent revocation of Chandra Arya's nomination, who has represented the riding since 2015. Carney's move to run in Nepean places him in close proximity to Conservative Leader Pierre Poilievre, who is seeking re-election in the neighboring riding of Carleton. The election is set to take place on April 28, marking a pivotal moment in Canadian politics.
Carney's candidacy is expected to bring significant attention to the Nepean riding, as he aims to secure a seat in the House of Commons while leading the Liberal Party's campaign.
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