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People line up at a Service Canada office in Montreal. Data show that the bulk of job losses in August were in part-time work.

The Canadian economy shed 66,000 jobs in August , largely in part-time work, and the unemployment rate jumped to 7.1 per cent. Outside of the pandemic, the unemployment rate is at the highest level since 2016, Statistics Canada said Friday, rising from 6.9 per cent in July. Meanwhile, the number of job losses in August was at the worst level since January 2022. It is the latest sign that the labour market is reeling from prohibitive U.S. tariffs, Va

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