Canada sees modest job rise overshadowed by election hires

The Fed Doesn’t Cut, But Our Weak Jobs Report Means the BoC Might - Integrated Mortgage Planners

Last week the US Federal Reserve left its policy rate unchanged for the third time in a row, and we learned that the Canadian economy shed jobs in April. Today’s post offers my take on how these important updates are likely to impact Canadian mortgage rates. The Fed’s Latest Rate Decision The Fed’s dual mandate requires it to use monetary policy to achieve the highest level of employment the economy can sustain while also maintaining stable pric…

Here's how Trump's tariffs are appearing to impact Canada's labour market

CTV News has the story.A new jobs report revealed the toll Trump's tariffs are having on the Canadian labour market, with manufacturing taking a big hit. John Vennavally-Rao reports.

Canada's high unemployment rate, where the number of unemployed is approaching 1.6 million, was partly a result of US President Donald Trump's tariffs.

Canada sees modest job rise overshadowed by election hires

Canada’s employment growth showed signs of persistent weakness in April, despite a modest increase of 7,400 jobs. Temporary federal election-related hiring significantly influenced this number, with public administration adding 37,000 jobs, a boost likely to vanish by May. The national unemployment rate climbed to 6.9%, marking its highest point since November 2024. Employment among core working-age Canadians (25-54 years old) continues to falte…

Canada Jobless Rate Rises to 6.9% in April

April’s unemployment rate in Canada reached 6.9%, the highest in the subsequent period since November 2024. Statistics Canada‘s data demonstrates the increased impact of US tariffs on Canada’s export-reliant economy. The rise in unemployment in April totalled 39,000, raising the total number too close to 1.6 million unemployed Canadians. Manufacturing Sector Takes the Biggest Hit:...

CANADIAN UNEMPLOYMENT RATE HITS SIX-MONTH HIGH AMID US-IMPOSED TARIFFS

Sat 10 May 2025: Statistics Canada showed an unemployment rate of 6.9 percent, with most cuts in the manufacturing sector. Canada’s unemployment jumped to its highest level since November as United States President Donald Trump’s imposed tariffs affect the export-dependent economy. Statistics Canada showed a 0.2 percent increase for the month of April, bringing the country’s unemployment […]