OTTAWA – Statistics Canada is set to publish its latest update on the nation's job market this morning, marking an important moment for economic assessment. The agency will release its labour force survey for August, shedding light on employment trends across the country.

According to a Reuters poll conducted among economists prior to the release, there is an expectation of a modest gain of 10,000 jobs for the month of August. In conjunction with this anticipated job growth, the economists also predict that the unemployment rate will rise to seven percent. This marks a slight increase from the previous month's figures, as the July labour force survey revealed a notable loss of 41,000 jobs and an unemployment rate of 6.9 percent.

The job figures come against a backdrop of broader economic concerns, as Statistics Canada reported a contraction in the Canadian economy during the second quarter. This downturn has been attributed primarily to the impact of U.S. tariffs and ongoing trade uncertainties that have significantly affected Canadian exports. As these external economic pressures continue, the labour market data will be critical in understanding the resilience of the Canadian workforce.

The upcoming jobs report is particularly significant as it precedes the Bank of Canada's next interest rate decision, scheduled for September 17. The central bank will be closely evaluating the employment figures to inform its monetary policy, taking into account the challenges posed by international trade dynamics and their repercussions on the domestic economy.

This report initially surfaced on September 5, 2025, highlighting the ongoing economic dialogues that shape both business and consumer sentiment in Canada. As Canadians look toward the future, the implications of today’s job market report will likely resonate across various sectors and could influence the overall economic recovery.

The Canadian economy remains in a state of transition, and the outcome of the labour force survey will serve as a key indicator of job growth potential and economic stability in the months ahead.

The Canadian Press