The Weekly Review, August 4 to 8, 2025

August 8, 2025, 2:00 p.m. (EDT)
The Weekly Review

Unemployment rate unchanged in July as unemployed people continue to face difficulties finding work

Employment fell by 41,000 (-0.2%) in July and the employment rate declined 0.2 percentage points to 60.7%. The unemployment rate held steady at 6.9%. Of the 1.6 million people who were unemployed in July, 23.8% were in long-term unemployment, meaning they had been continuously searching for work for 27 weeks or more. This was the highest share of long-term unemployment since February 1998 (excluding 2020 and 2021).

Source: Labour Force Survey, July 2025

 

Total exports up for a second consecutive month in June

In June, Canada's merchandise imports were up 1.4%, while exports increased 0.9%. As a result, Canada's merchandise trade deficit with the world widened from $5.5 billion in May to $5.9 billion in June. Exports of energy products (+3.8%) contributed the most to the increase in total exports in June; this was the first monthly gain for the product section since January. Exports of crude oil (+3.6%) increased the most, mainly on higher prices.

Source: Canadian international merchandise trade, June 2025

 

More people underwent colorectal cancer screening tests in 2024

Colorectal cancer is the third most common type of cancer in Canada. In 2024, 49% of people aged 50 to 74 years reported having a fecal test within the past 2 years or a sigmoidoscopy within the past 10 years, which was higher than in 2017 (43%). As for breast cancer, the most common type of cancer among women in Canada, 79% of females aged 50 to 74 years reported having a mammogram within the past three years in 2024. This was similar to the proportion observed in 2017 (78%).

Source: Cancer screening tests, 2024

 

Impact of wildfires most pronounced at the territorial and regional levels

The 2023 wildfire season was the most destructive season on record, with nearly 5,500 fires burning 17.3 million hectares of land. When measured nationally or at the provincial level, total business activity in wildfire-affected areas accounted for less than 1% of Canada’s gross domestic product in 2023. At the territorial level, however, the impact of wildfires was much more pronounced. For example, in the Northwest Territories, just under three-quarters (74%) of the territory’s total economic activity was in wildfire-affected areas. Regional economies within provinces were also impacted during the 2023 wildfire season, albeit to a far less extent than those in Yellowknife or the Northwest Territories.

Source: Measuring the economic cost of wildfires

 

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