Sunday, October 11, 2026

It's Just An Economy

This is winning, right?:
  

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Canada's economy stunned widespread expectations to post a massive job loss in September and the unemployment rate edged up, data showed on Friday, effectively wiping off all the gains in jobs ‌that was seen this year.

The economy lost a net of 68,300 jobs in September after a loss of 41,700 positions ‌in August, Statistics Canada said. It said the unemployment level inched up to 6.5%.

While September was the first full month of employment report after a new set ​of tariffs from the United States hit Canada, the job losses were not significantly higher in US-facing industries. On the contrary, the biggest drop came from public sector employees, data showed.

Analysts polled by Reuters had forecast jobs gains of 9,200 and predicted the employment rate at 6.5%, up from 6.4% in August.

With the September report, Canada has effectively lost a net of 41,200 jobs this year, as against a ‌solid gain of 211,300 seen for the ⁠same period a year ago.

The losses were almost equally divided between full-time and part-time workers and was led by educational services and healthcare and social assistance. Both the sectors form a substantial chunk of ⁠public sector employees and together lost 58,400 jobs.

A smaller number of international students coming into Canada was one of the reasons for decline in jobs in education services, StatsCan said.

The manufacturing sector, a part of which is exposed to US, saw a net decline of 12,700 jobs.

Economists have ​said ​that the new US tariffs impact only a small section of the ​jobs that are dependent on the US and is ‌not likely to have a major impact on the employment data in the coming months.

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A new study comparing economic performance in all of the Canadian provinces and U.S. states has found that, of the 60 jurisdictions, seven of the 10 lowest-ranking are in Canada.

The research by the Fraser Institute looked at living standards, incomes, private sector employment and labour productivity to compare the economic growth of the two countries. It found that, in every category, Canadians have fallen further behind Americans.

In 2024 (the most recent year of comparable data), seven of the 10 lowest rates of gross domestic product (GDP) per person were Canadian provinces. New Brunswick ranked lowest, followed by Prince Edward Island (at number 59), Nova Scotia (58), Manitoba (56), Quebec (55), Newfoundland and Labrador (52) and Ontario (51).

B.C. ranked 49th, while Saskatchewan ranked 35th, and Alberta — the only province in the top half — ranked 25th.

For comparison, in 1999 six Canadian provinces ranked among the bottom 10 in terms of GDP per person, while Alberta, which has remained Canada's top-ranked province, was 7th-highest.

In the U.S., Mississippi ranked the lowest, at number 57, between Nova Scotia and Manitoba, followed by West Virginia (54) and Arkansas (53), both of which were sandwiched between Quebec and Newfoundland and Labrador.

At the top of the table for GDP per person is New York, followed by Washington, Massachusetts and California.

Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of the new research study, said in a news release: "By comparing important economic outcomes in Canadian provinces and American states, it's easy to see how Canadians stack up to their counterparts south of the border, and in recent years, Canadians have been falling further behind."


Indeed:


But don't let facts get in the way of some serious cope and spite:


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