Canada lost 33,000 jobs in March—its worst decline since 2022
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159.55014
Summary
The wheels are starting to fall off the Canadian economy. Canada's unemployment rate rose to 6.7% as the economy loses 33,000 jobs, the largest decrease in employment since January 2022. Nearly 1.5 million people in Canada were unemployed in March 2025, up 36,000 from the previous month and up 167,000 on a year ago.
Transcript
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We just got the economic figures on Friday, and wow, Canada's economy, the wheels are starting
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to fall off. So here is the financial post, is how they reported it. Canada's unemployment rate
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rises to 6.7% as the economy loses 33,000 jobs, the largest decrease in employment since January
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2022. We read from the story, nearly 1.5 million people in Canada were unemployed in March 2025,
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up 36,000 from the previous month and up 167,000 from a year ago. Employment fell in the wholesale
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and retail trade, information, culture and recreation, agriculture, manufacturing and
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construction sectors. Wow, that's pretty much most of the economy here. We're feeling the contraction.
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This is what a quote from this article says. The wheels may be starting to fall off the Canadian
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labor market with a 33,000-person decline in jobs during March, falling well short of consensus
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forecasts for a 10,000 gain, says Andrew Grantham, an economist with CIBC Capital Markets after the
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data was released. So economists projected that we were going to gain 10,000 jobs. Instead, we lost
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33,000 jobs. Folks, this is what the entire election should be fought on. The entire election
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should be a referendum on the liberal economy, what the liberal policies have done to our
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country. This is just one example. And I know the legacy media will try to tell you that this
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entire thing is a result of Donald Trump, President Trump, his tariffs and the retaliatory tariffs
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that the Canadian leaders are taking. But that's not even the case because the tariffs have just
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come in and we haven't really felt the extreme extent of those tariffs and the resulting job