The Daily Canuck

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The Daily Canuck

Canada | Financials EquityJulyResearch13, 2026

Figure 1 - Canada - Unemployment Rate vs.The Daily Canuck 13.07.2026

Employment Change (in 000s)

8.0%

Recent data indicates that Canada’s labour market remained stable in June, 100.0 7.0%

50.0

6.0%supporting the prospect of renewed economic momentum following the GDP 0.0

rebound in April. Meanwhile, recent polls show that a majority of Canadians (50.0) 5.0%4.0%

(100.0) 3.0%approve of Prime Minister Carney’s economic strategy. Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26

. Employment Change (LS - in 000s) Unemployment Rate (RS)

Source: Statistics Canada, Jefferies

What you need to know:

Last Friday, Statistics Canada reported that Canada’s labour market showed minimal change•

in June, with employment up slightly (+18,000) and the unemployment rate declining to

6.5%. Gains among youth and core-aged workers were offset by losses among those aged

55+. Youth unemployment fell to 12.7%, while core-age rates were stable. Employment

rose in accommodation and food services but declined in manufacturing and other sectors.

Provincially, changes were limited, with Ontario steady at 7.0% unemployment. Wage growth

was 3.3% y/y. Overall, the labour market remained stable with modest gains, steady

participation, and ongoing differences across industries and age groups.

The Bank of Canada will issue its interest rate decision on Wednesday, while CMHC will release•

Housing Starts data on Thursday.

Headlines

Delayed Gordie Howe International Bridge to open at end of July, Canada to forgo revenue (CTV

News) Yesterday, CTV News reported that the Gordie Howe International Bridge will open July 27

after delays, but Canada agreed to reduced financial returns. Instead of collecting full toll revenue