Canada’s job market stumbles as nearly 84,000 jobs vanish, raising alarm for 2026 economy

Canada’s labour market suffered a sharp setback in February, with employers cutting 83,900 jobs, the steepest monthly drop since 2009 outside the pandemic period. The unemployment rate rose to 6.7%, while full-time positions saw the biggest losses. The unexpected downturn has clouded the economic outlook and could influence upcoming interest-rate decisions by the Bank of Canada.Canada’s labour market suffered a sharp setback in February, with employers cutting 83,900 jobs, the steepest monthly drop since 2009 outside the pandemic period. The unemployment rate rose to 6.7%, while full-time positions saw the biggest losses. The unexpected downturn has clouded the economic outlook and could influence upcoming interest-rate decisions by the Bank of Canada.https://timesofindia.indiatimes.com/education/news/canadas-job-market-stumbles-as-nearly-84000-jobs-vanish-raising-alarm-for-2026-economy/articleshow/129570377.cms