News Analysis
With Canada’s unemployment rate rising by 0.2 percentage points to 6.9 percent in April, and a big bulk of the job losses being in the manufacturing and retail sectors, economists say the latest employment numbers indicate the U.S. tariffs are beginning to show their impact.
“Trump’s tariffs are going to erode the manufacturing sector over time in Canada. We’re just at the start of it, in my view,” Jack Mintz, a President’s Fellow at the University of Calgary’s School of Public Policy, told The Epoch Times.
Statistics Canada‘s April Labour Force Survey shows that the biggest job losses were in the manufacturing sector, followed by the wholesale and retail trade….