20,000 jobs are forecast to be added in August, with full-time work rising 15,000 and part-time employment up 5,000 after a very strong July.
6.4% unemployment is expected to hold steady because the labor force is seen rising a modest 10,000, leaving participation unchanged at 65.1%.
30,000 service-sector jobs are projected to drive the gain, while goods employment is seen falling 10,000 as manufacturing slips 5,000 and construction stays flat.
3.2% annual wage growth for permanent employees is expected, up from 3.0% in July but still pointing to easing momentum.
The forecast suggests Canada’s economy is continuing a return to growth after a Q2 2025 pause linked to US tariffs, though hiring is expected to cool from June and July.