Canada sheds 33,000 jobs in March as trade war rattles labour market

News Snapshot:

Canada shed 33,000 jobs in March, the worst month for the labour market in three years, as the threat of U.S. tariffs weighed on business confidence and slowed hiring. Job declines were widespread across industries, and concentrated in full-time positions and private sector employment, Statistics Canada reported Friday. The unemployment rate ticked up to 6.7 per cent from 6.6 per cent in February. Bay Street analysts had expected a small increase in employment. The March Labour Force Survey, which estimates labour conditions from March 9 to 15, is the first piece of hard data hinting at the effect of U.S....