TRUMP says he will allocate $400–500 mln from a super PAC for midterm election spending.

Allianz chief adviser El-Erian said the latest US jobs report shows strength on both demand and supply. Nonfarm payrolls rose to 162k, from a revised 21k and roughly three times market consensus. Labor force participation increased to 61.6% from 61.4%, a near one-year high. Unemployment held at 4.1%. Average hourly earnings rose 0.3% MoM, in line with expectations. These indicators point to a still-strong US labor market with firm demand and stabilizing supply.

Desjardins Capital macro strategist Royce Mendes said August's drop in Canadian employment may reflect normalization after three months of strong hiring. Canada added 181.1k jobs from May–July, averaging over 60k per month. Mendes said some of the August weakness could be due to Labour Day falling later than usual this year, possibly delaying late‑summer hiring into September.