Canada sheds 42,000 jobs as tariff toll tests BoC resolve
Services sector bears the brunt
The public sector shed 20,000 positions, marking its third consecutive monthly decline.
Regional losses were concentrated in Quebec, which lost 19,000 jobs, and Ontario, which shed 18,000.
Service-producing industries — employing approximately four out of every five Canadians in the labour force — fell by 51,500 positions, led by declines in business, building and support services and wholesale and retail trade.
Manufacturing was the lone sector to record meaningful gains, adding approximately 22,000 jobs, a 1.2% month-over-month increase.
Year-over-year, the economy added 217,000 positions, a 1% gain, led by health care and social assistance, information, culture and recreation, and transportation and warehousing.
