In April 2025, Canada's unemployment rate climbed to 6.9%, up from 6.7% in March, marking the highest jobless rate in over three years. This exceeded market forecasts of 6.8% and reflects the growing strain on businesses, particularly from U.S.-imposed tariffs targeting critical sectors like aluminum, steel, and autos. The number of unemployed individuals surged by 39,300, bringing the total to...
