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Trade war stomps on Canadian job market

Significant declines in manufacturing and trade jobs to ultimately affect industrial real estate demand
An employee works on a chassis and drivetrain for a car. Ontario's auto sector is considered to be particularly at risk of losing jobs due to the threatened trade war. (Getty Images)
An employee works on a chassis and drivetrain for a car. Ontario's auto sector is considered to be particularly at risk of losing jobs due to the threatened trade war. (Getty Images)
CoStar Analytics
May 9, 2025 | 5:44 P.M.

April’s jobs report showcased the sheer impact of tariffs on the Canadian economy. Canada added a mere 7,400 jobs as the unemployment rate rose 0.2 percentage points to 6.9%. But below these headline numbers, a sharp divide is evident.

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