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Trade Tensions Take Toll: Canada Loses 33,000 Jobs in March

  Canada's labour market faced a significant setback in March, shedding 33,000 jobs—the largest monthly decline since January 2022. This drop pushed the unemployment rate up to 6.7%, a slight increase from February's 6.6%. The job losses were primarily concentrated in full-time positions, with 62,000 roles eliminated. Sectors such as wholesale and retail trade, as well as information, culture, and recreation, bore the brunt of the decline. However, some gains were observed in part-time employment and industries like utilities and personal services. Economists attribute this downturn to the escalating trade war with the United States, which has introduced tariffs on Canadian exports, including steel and aluminum. These measures have created uncertainty for businesses, leading to layoffs and a cautious approach to hiring. As Canada navigates these economic headwinds, policymakers and businesses alike face the challenge of mitigating the impact of trade tensions on the labour mark...
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Home Staging Companies Adapt to Slow Housing Market as Sellers Cut Costs

 

In a sluggish housing market, home staging companies are being forced to adapt as sellers pull back on the cost of a thorough revamp. Rachael Stafford, the founder and creative director of organizing and staging company Order in the House, said that her company has had to adapt in this high interest rate environment after a years-long housing boom. Stafford also mentioned that sellers are more so trying to scale back a little bit on the rentals, concerned about the initial investment and the ongoing monthly fees should the property not sell quickly.


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