OTTAWA – Canada’s unemployment rate surged to 6.9% in the latest labor report, marking the highest level seen in eight years outside of the COVID-19 pandemic period, according to data released by Statistics Canada.
The rise in joblessness translates to nearly 1.6 million unemployed Canadians. Economists attribute part of this uptick to lingering effects of Trump-era tariffs on imported goods, which have affected several key industries and slowed hiring momentum.
The increase highlights growing economic challenges for the federal government, which faces pressure to stimulate job growth amid global trade tensions and domestic cost-of-living concerns. Analysts warn that if current trends continue, Canada may see further strain on labor markets heading into the next fiscal quarter.
The report underscores the importance of balanced trade policy and strategic economic planning as global shifts continue to impact national employment trends.
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