Carney in trouble: Nearly 1.6 mn out of job in Canada, 30,000+ cuts in April
Canada's economy faces headwinds as April 2025 saw a meager 7,400 jobs added, pushing unemployment to 6.9%. U.S. tariffs on key exports like steel and automobiles are significantly impacting the manufacturing sector, leading to job losses. While the public sector offered slight relief, broader economic concerns persist, pressuring the Bank of Canada to consider interest rate cuts.
Canada's economy faces headwinds as April 2025 saw a meager 7,400 jobs added, pushing unemployment to 6.9%. U.S. tariffs on key exports like steel and automobiles are significantly impacting the manufacturing sector, leading to job losses. While the public sector offered slight relief, broader economic concerns persist, pressuring the Bank of Canada to consider interest rate cuts.
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