The Canadian economy added 40,000 net new jobs in August, a sharp contrast to the meager growth seen in July. The unemployment rate remained unchanged at 5.5%. The Canadian labor market is slowing and struggling to keep pace with population growth in the country.
Liberal immigration policies have contributed to strong population growth in Canada. The stalling employment rate, now at 84.6%, shows that the labor market growth has not kept up with population inflows.
The increase in employment was driven by growth in key sectors, including strong growth