Statistics Canada released jobs data Friday. Photo by Christinne Muschi/The Canadian Press

Canada’s unemployment rate held steady in July at 6.9 per cent, but the economy lost 41,000 jobs , the biggest monthly drop since January 2022.

Industries like construction and information, culture and recreation led the way in employment losses, with health care and social assistance, building and support services, agriculture and public administration also recording declines.

These declines partially offset the 83,000 jobs gained in June, which led to the unemployment rate ticking down from its seven per-cent high in May. Statistics Canada said on Friday there has been little net employment growth since January.

More to come …

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