Global National: Sept. 4, 2026 | Canadian job market declines, hot streak ends in August

By Global News

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Despite most economists expecting a small gain, Canada’s job market broke its recent hot streak with a loss of 42,000 jobs in August. By contrast, the U.S. saw a surprising jump in jobs, following a string of losses. The White House was quick to credit tariffs as a reason why. We have coverage from both sides of the border, beginning with Jillian Piper on the hiring trends. Those strong U.S. job numbers – along with persistent inflation – could be reasons for the U.S. Federal Reserve to raise interest rates. That would be the classic economic response, but U.S. President Donald Trump has been pushing for rates to ''fall.” On Friday, he went so far as to threaten to cut off all trade with countries posting a trade surplus with the U.S., including Canada, unless he gets what he wants. Touria Izri reports. One of the factors driving inflation, which remains higher in the U.S. than in Canada, is the cost of diesel. It has reached an all-time high in America as its war on Iran drags

Tags: global news, Global National, Canada, Top News, Job market, Economy, Employment rate, White House, Jobseekers, Donald Trump, Trump, Fed Chair, Interest rates, Tariff, Federal Reserve, Kevin Warsh, Trade, U.S.-Canada trade war, Diesel, Gas prices