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'A worrisome turn': Canada lost 84K jobs in February; unemployment rises to 6.7% Economists had expected the unemployment rate to tick back up to 6.6% In this article : Recommended Stories...

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Economists had expected the Canadian economy to add 10,000 jobs and the unemployment rate to tick back up to 6.6 per cent, according to consensus estimates published by the Bank of Montreal. The February numbers suggest “a worrisome turn” for Canada's job market, CIBC economist Katherine Judge wrote in a morning note, with a loss of 108,000 full-time jobs — 73,000 of those in the private sector. “Overall, this is clearly a very worrisome report for the [Bank of Canada] that shows that labour market slack has increased and activity is frozen amidst trade uncertainty,“ she said. There were 47,000 jobs lost among youth aged 15 to 24, bringing the youth unemployment rate up 1.3 percentage points to 14.1 per cent, which Statistics Canada notes is “closer to the recent high of 14.6 per cent reached in September 2025.“ By sector, the largest declines were in services-producing industries (down 56,000 jobs; a minus 0.3 per cent drop from January), and goods-producing industries (down Show less Read more
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