Canadian economy lost 33,000 jobs in March, biggest loss since 2022
- The Canadian economy lost 33,000 jobs in March, the largest loss since January 2022, according to Statistics Canada.
- The unemployment rate rose to 6.7 percent in March, up from 6.6 percent in February, as reported by Statistics Canada.
- The wholesale and retail trade sector lost 29,000 jobs, negatively impacting overall employment figures, as stated by Statistics Canada.
- TD Bank senior economist James Orlando noted that U.S. Trade tariffs are affecting business and consumer confidence.
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Canada loses jobs for first time in 3 years as US tariffs bite
Employment in Canada fell for the first time in three years in March, the national statistical agency said Friday, as uncertainty over US tariffs led businesses to cut staff and stall hiring.
·Key West, United States
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Total News Sources77
Leaning Left12Leaning Right11Center13Last UpdatedBias Distribution36% Center
Bias Distribution
- 36% of the sources are Center
36% Center
L 33%
C 36%
R 31%
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