Juno News - Canada lost 33,000 jobs in March—its worst decline since 2022

00:00:00.000 We just got the economic figures on Friday, and wow, Canada's economy, the wheels are starting

00:00:05.680 to fall off. So here is the financial post, is how they reported it. Canada's unemployment rate

00:00:10.300 rises to 6.7% as the economy loses 33,000 jobs, the largest decrease in employment since January

00:00:17.220 2022. We read from the story, nearly 1.5 million people in Canada were unemployed in March 2025,

00:00:24.660 up 36,000 from the previous month and up 167,000 from a year ago. Employment fell in the wholesale

00:00:32.500 and retail trade, information, culture and recreation, agriculture, manufacturing and

00:00:37.480 construction sectors. Wow, that's pretty much most of the economy here. We're feeling the contraction.

00:00:43.180 This is what a quote from this article says. The wheels may be starting to fall off the Canadian

00:00:48.360 labor market with a 33,000-person decline in jobs during March, falling well short of consensus

00:00:55.620 forecasts for a 10,000 gain, says Andrew Grantham, an economist with CIBC Capital Markets after the

00:01:02.860 data was released. So economists projected that we were going to gain 10,000 jobs. Instead, we lost

00:01:09.260 33,000 jobs. Folks, this is what the entire election should be fought on. The entire election

00:01:14.720 should be a referendum on the liberal economy, what the liberal policies have done to our

00:01:20.260 country. This is just one example. And I know the legacy media will try to tell you that this

00:01:25.040 entire thing is a result of Donald Trump, President Trump, his tariffs and the retaliatory tariffs

00:01:31.200 that the Canadian leaders are taking. But that's not even the case because the tariffs have just

00:01:35.420 come in and we haven't really felt the extreme extent of those tariffs and the resulting job

00:01:42.920 bosses.

Juno News - April 09, 2025