Canada Loses 33,000 Jobs in March as Unemployment Climbs to 6.7% Amid Tariff Pressures

📝 DESCRIPTION
Canada loses 33,000 jobs and unemployment spikes to 6.7%, raising fresh fears about the economy’s stability amid growing trade tensions with the U.S. In March 2025, Canada faced its worst employment drop since January 2022. Private-sector jobs plummeted by 48,000, with retail, construction, and manufacturing sectors hit the hardest. Experts say recent U.S. tariffs—25% on Canadian steel, aluminum, and cars—have discouraged investment and hiring. CIBC’s Andrew Grantham warned, “The wheels may be starting to fall off the Canadian labour market.” TD Bank’s James Orlando blamed political uncertainty and predicted further rate cuts from the Bank of Canada. Despite rising wages and hours worked, nearly 1.5 million Canadians are now jobless. Critics point to the Liberal government’s trade missteps and call for urgent reforms to prevent more losses. Will interest rate cuts be enough to stop the bleeding? Watch for expert analysis, reactions, and what this means for your future.

🔍 KEYWORD
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