Posted on 04/06/2025 10:12:01 AM PDT by MinorityRepublican
The Canadian economy shed 33,000 jobs in March according to Statistics Canada — the biggest loss since January 2022.
The agency said the unemployment rate also ticked slightly higher, rising to 6.7 per cent in March from 6.6 per cent in February.
The overall decrease also came as 62,000 full-time jobs were lost in the month, partly offset by a gain in part-time employment.
The latest data shows a reversal of some of the job growth that came at the end of last year and into January. While February posted fairly stagnant jobs numbers, January saw 76,000 new jobs created and December had 91,000.
The hit came amid increased uncertainty caused by U.S. tariffs that have threatened economic growth.
RSM Canada economist Tu Nguyen said the result was a glimpse of what may be in store as the trade dispute with the U.S. ramps up and the country faces the possibility of a recession.
"We saw a lot of layoffs happening in trade in March and we expect April to see even more layoffs and a rise in the unemployment rate," she said. "Some manufacturing plants, especially in auto production, have already laid off their workers."
Automaker Stellantis confirmed yesterday they will be halting production at their Windsor, Ont. assembly plant for two weeks in April. A spokesperson for the company said 3,200 Canadians would be impacted, though these jobs are not captured in the March numbers released today from Statistics Canada.
(Excerpt) Read more at cbc.ca ...
Let’s shoot for 20% by summer.
After the Canadians get thru with all the chest pounding and have their election and things settle down, they will realize they are on the verge of an economic abyss and come with hat in hand to Washington, the question is how long Trump makes them wait for a trade deal and what concessions will the Canadians make.
“After the Canadians get thru with all the chest pounding, the question is how long Trump makes them wait for a trade deal and what concessions will the Canadians make.”
indeed, and by then canada will be in line with many others waiting to get in, plus several early birds will have gotten the best deals by then and scooped up lots of the best worms ...
the first to make a deal usually gets the best deal, because the idea is to get the deal ball rolling and the first deals are what get the deal ball rolling ...
IMO, Canada has to do a lot more than just lower or eliminate their tariffs on US good, at a bare minimum they need to immediately get to 2% of GDP for military spending and do significantly more on the border.
Were they all working in the U.S. before President Trump started cleaning house?
what is considered to be full employment there, considering the unemployable?
Canada’s problems like our own are government policy self-inflicted. The difficulty with any political problem is whatever horrible policy and no matter how awful it is, it has its own constituency who will fight to the death to keep it. In normal times, a sane policy is suggested, and it gets destroyed by a thousand ravenous rats. America lucked out in that the ravenous rats all imploded during the last election and now sane policies may reverse fifty years of crazy policies. But because of the way Candian politics works, no matter how primed the public the guy who heads whatever party takes over and no matter who he is, he isn’t a Donald Trump. At best he’s going to be Socialist Lite.
All those who used to stock shelves with U.S. Whisky.
The U.S. catches a cold, and Canada comes down with pneumonia.
No matter who gets elected there. The Alberta Canadians tell me they are out.
They’ve had enough of being rousted and played by Ottawa and the radical extremist east.
FWIW, I think they'll lose in a referendum, if there is one. Pro-51st state won't get over 50%.
They are already negotiating with this administration.
I dont think they’ll go 51st state.
They’ll go independent.
You forget how close the last referendum was in the 90s? Now, those are the provinces ruling the roost up there. And the Alberta Canadians have just about had it.
.Next will be Saskatchewan.
We don’t f*ckin NEED you! Heh?
You do realize that the US IMPORTS the vast majority of its potash?
Like 90%?
And 85% of that comes from Canada?
You knew that, correct?
Not going to happen - that's a prediction/
EVERY province has to vote for a province to leave Confederation.
And before that BOTH Federal legislative bodies have to vote to approve.
Not going to happen. I will wager ANY an amount on that.
Well if they want to hold their breath, stomp their feet and keep their potash rather than sell it, they can stay home and watch curling.
Maybe!
A province seceding is a very difficult process and unlikely to succeed. I don’t know how much independence they can exercise without actually seceding.
Maybe they could start building up their Navy again.
Start with a few more icebreakers.
I read recently that in 1945 Canada had the third largest Navy in the world after the US and the UK.
Now, they just rely on us to protect them from Russians and Chinese.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.