Canada’s labour market is ‘static’ after U.S. tariffs, population shift
Canada's manufacturing sector has shed 51,800 jobs over the past 12 months, leading all industries in employment losses. The decline is attributed to a combination of U.S. tariffs targeting steel, aluminum, and automotive products, along with broader population and labour market shifts. The overall Canadian labour market is characterized as static, with manufacturing bearing a disproportionate share of the contraction.