Latest / The Canadian Real Estate Investor
Will Unemployment Force A Rate Cut ?
Canada's economy is facing significant challenges with unemployment rising to 7.1% in August 2025, the highest since 2016 (outside pandemic periods). The economy lost 66,000 jobs in August following 41,000 jobs lost in July. Trade tensions with the US are affecting tariff-exposed sectors, while the housing market shows a fragile recovery amid calls for interest rate cuts.
Unemployment reached 7.1%, with 66,000 jobs lost in August, particularly in tariff-exposed sectors like manufacturing, transportation, and technical services; youth unemployment is especially high at 14.5%.
Housing…
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