OTTAWA — Canadian job seekers and young workers are struggling through the dog days of summer even as the labour market shows limited strain from U.S. tariffs.
Statistics Canada on Friday reported 41,000 job losses last month, while economists had expected a slight gain.
The unemployment rate was unchanged at 6.9 per cent in July as StatCan said the number of job seekers held steady month-to-month.
The economy lost 51,000 full-time positions in July, and the bulk of the losses were in the private sector. The information, culture and recreation sector led the drop in employment, followed by construction.
Doug Porter, chief economist at BMO, said in a note to clients that July's jobs report marked the weakest in three years, according to the bank's report card.
He noted that total hours