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.
66 Articles
66 Articles

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.
Canadian Economy Lost 33,000 Jobs in March, Biggest Loss Since 2022
The economy shed 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher, Statistics Canada said Friday. The agency said the unemployment rate for March rose to 6.7 percent compared with 6.6 percent in February. The hit came amid increased uncertainty caused by U.S. tariffs that have threatened economic growth. The job losses reversed some of the gains made at the end of last year and into January. TD…
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