Canada Jobs Boom: Economy Adds 75,000 Positions as Unemployment Hits Two-Year Low

Canada's economy added 75,000 jobs in July, its lowest unemployment rate in two years at 6.4 percent, according to Statistics Canada.

The job growth exceeded analyst expectations of around 20,000 new positions and is seen as a sign that Canadian businesses are adapting well to the impact of US tariffs, echoing the Bank of Canada's view on this matter.

This employment boom was spread across various industries, including finance and construction, with both full-time and part-time work increasing.

The strong jobs numbers contrast with the US, where 23,000 jobs were lost in July, below analyst forecasts.