Canada loses 42,000 jobs in August, unemployment steady at 6.4%

Canada's economy shed 42,000 jobs in August, while the unemployment rate held steady at 6.4%, according to Statistics Canada. Wage growth plunged to a nine-year low, and the job losses contrast with a burst of hiring in the United States. Health-care hiring has helped prop up the job market, but it remains unclear if patients will see a difference. The job losses come amid broader fiscal pressures and debates over retaliatory tariffs against the U.S., which some analysts say could backfire.