Weekly Report
Canada Layoff Report: Feb 23 - Mar 1, 2026
Tracked layoff headcount increased by 259% from last week, moving from 2,044 to 7,329 people.
Summary
During the week of Feb 23 - Mar 1, 2026, 11 layoff events were recorded across Canada, affecting 7,329 workers at 11 companies. That is up 259% from 2,044 workers tracked the prior week.
By province, Canada-wide with 4,369 workers (60%), Ontario with 1,960 workers (27%), and Nova Scotia with 1,000 workers (14%).
By industry, the most affected sectors were Finance & Insurance with 4,340 workers (59%), Government with 1,582 workers (22%), and Manufacturing with 1,000 workers (14%).
Notable companies reporting layoffs this week include Toronto-Dominion Bank (TD) (3,000 workers), Algoma Steel (1,000 workers), Nova Scotia Government (1,000 workers), Bank of Montreal (670 workers), and BMO (670 workers).
Province distribution
| Name | People | Events |
|---|---|---|
| Canada-wide | 4,369 | 5 |
| Ontario | 1,960 | 5 |
| Nova Scotia | 1,000 | 1 |
City distribution
| Name | People | Events |
|---|---|---|
| Toronto | 3,000 | 1 |
| Sault Ste. Marie | 1,000 | 1 |
| Kitchener | 378 | 1 |
| Windsor | 348 | 1 |
| Ottawa | 234 | 1 |
Industry distribution
| Name | People | Events |
|---|---|---|
| Finance & Insurance | 4,340 | 3 |
| Government | 1,582 | 3 |
| Manufacturing | 1,000 | 1 |
| Education | 378 | 1 |
| Retail | 29 | 1 |
| Other | - | 2 |
Company distribution
| Name | People | Events |
|---|---|---|
| Toronto-Dominion Bank (TD) | 3,000 | 1 |
| Algoma Steel | 1,000 | 1 |
| Nova Scotia Government | 1,000 | 1 |
| Bank of Montreal | 670 | 1 |
| BMO | 670 | 1 |
| Conestoga College | 378 | 1 |
| Canada Border Services Agency (CBSA) | 348 | 1 |
| Department of Justice Canada | 234 | 1 |