With only 7,400 new jobs added in April 2025, Canada's economy is facing challenges as the unemployment rate rises to 6.9%. The manufacturing industry is being severely impacted by U.S. tariffs on important exports like steel and cars, which is resulting in job losses. Although the public sector provided some respite, the Bank of Canada is under pressure to consider interest rate cuts due to broader economic concerns.
2026 Copyright © News-Matic.com. All Rights Reserved
