Canada: Job Growth at 17-Month High.

Employment in Canada rose by 88,000 from the previous month in May 2026, the most since December 2024 and well above market expectations for a gain of 10,000. The rebound followed a cumulative net loss of 112,000 jobs during the first four months of the year. Employment increased among both private-sector workers (+56,000) and public-sector employees (+20,000). Full-time employment climbed by 154,000, while part-time positions declined by 66,000 and self-employment was little changed. Job gains were concentrated in construction (+27,000), information, culture and recreation (+19,000), transportation and warehousing (+19,000), and accommodation and food services (+17,000). In contrast, wholesale and retail trade shed 35,000 jobs. Regionally, employment increased in Ontario, British Columbia, Alberta, and Prince Edward Island, while Saskatchewan recorded a decline. The employment rate rose 0.2 percentage points to 60.7%.