FX.co ★ Canada’s Part-Time Employment Slide Deepens in January, Signalling Softer Labour Demand

Canada’s part-time employment losses accelerated in January 2026, with the latest data showing a decline of 69.7 thousand positions, deepening the contraction seen a month earlier. This follows a drop of 41.3 thousand part-time jobs in December 2025, underscoring mounting pressure in a key segment of the labour market.

The January figures, updated on 6 February 2026, point to a second consecutive month of sizable declines in part-time work. While no sectoral breakdown or additional context was provided, the back-to-back negative readings suggest that employers may be scaling back flexible or marginal hours in response to shifting economic conditions.

Market participants and policymakers are likely to watch upcoming employment releases closely to determine whether this marks the start of a broader labour market cooling or a temporary adjustment concentrated in part-time roles.