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Canadian economy lost 33,000 jobs in March, biggest loss since 2022

  • The Canadian economy lost 33,000 jobs in March, the largest decline since January 2022, according to Statistics Canada.
  • The unemployment rate increased to 6.7% in March, up from 6.6% in February, as reported by Statistics Canada.
  • TD Bank senior economist James Orlando noted that trade tariffs are affecting economic growth as businesses and consumers hesitate amidst political uncertainty.
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Key West CitizenKey West Citizen
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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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City News broke the news in Toronto, Canada on Friday, April 4, 2025.
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