Canadian unemployment jumps to 7.1% as tariffs weigh on economy | Unemployment News

Persistent uncertainty around US trade policy has kept Canadian businesses on tenterhooks, discouraging hiring.

Canada had almost 1.6 million people unemployed in August as the economy lost thousands of jobs and its unemployment rate reached a nine-year peak, barring the pandemic years.

On Friday, data released by Statistics Canada showed its unemployment rate rose 0.2 percentage points in August to 7.1 percent, a level last seen in May 2016 if the COVID-19…