Episode Details

Canadas job market experienced a setback in February 2026, with a decrease of 84,000 positions and an unemployment rate of 6.7%. Retail and wholesale trade saw a significant decline, losing 18,000 jobs. Economic uncertainty and inventory buildup, rather than a deep-rooted issue, are blamed for the job losses. Ontario and Quebec were hardest hit, while British Columbia and the Maritimes saw small gains. Younger workers, particularly those aged 15-24, faced high unemployment rates. Womens workforce participation has increased, but challenges like rising costs for childcare and commuting persist. Inflation dipped to 1.9%, potentially leading to interest rate cuts and increased spending. Retail is expected to rebound once housing picks up and inventories clear.

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