Canada’s job market collapses as 40,800 positions vanish in July, youth unemployment soars to 14.6%—signs of recession everywhere
Canada’s labor market did more than stumble in July, it collapsed spectacularly. Missing job growth forecasts by over 54,000 is not just a minor slip. It signals serious cracks in the economy’s foundation. When youth unemployment reaches levels unseen since 2010, that sends a sharp warning about the future workforce and consumer spending. The sectors …