Bloomberg: Canada Loses 33,000 Jobs in Biggest Drop Since 2022; Bonds Rally

(Today’s Canadian job) numbers suggest “a relatively-positive early-year growth handoff is running out of steam,” said Karl Schamotta, chief market strategist at Corpay. “Although the country escaped getting hit during Trump’s latest round of tariffs, levies are now in place on several of the country’s most important export categories, work stoppages are underway at auto plants, commodity prices are still under pressure, and a broad swath of industries remains vulnerable to a downturn in US demand,” he said. Bloomberg: Canada Loses 33,000 Jobs in Biggest Drop Since 2022; Bonds Rally