Canada threw 40,000 jobs in July after Trump’s tariff collected the main sectors

Canada attached tens of thousands of jobs in July, as it withdrew the country’s employment rate to its lowest point in eight months as an American president Donald Trump Definitions extend across the main industries.

The reflection of the labor market came just weeks after the increase in employment. Canadian statistics data, which was martyred by Reuters, showed Economy She created 83,000 jobs in June, but lost 40,800 in July, erasing nearly half of this profit.

Canadians of working age with jobs fell to 60.7 %, while the unemployment rate is fixed at the highest level in the year of 6.9 %, according to the port.

Reuters said that Trump’s sectoral definitions on steel, aluminum and cars for the manufacturing sector strongly and reduced employment intentions for companies, citing data from Canada Bank.

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As part of “America first” Commercial policyTrump presented a special tariff for the sector in an attempt to protect the manufacture of the United States and reduce the trade deficit with the main partners.

Reuters said that manufacturing employment decreased by about 10,000 from the previous year, according to Canada statistics.

Marti Warren, the national director of the United Solid Workers Union, confirmed to the port that about 1,000 of his members have been demobilized.

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Young workers were particularly injured. Reuters added that unemployment between 15 to 24 years has jumped to 14.6 %, while their employment rate decreased to 53.6 %, invisible levels since the late 1990s, with the exception of the epidemic years.

Despite the setbacks, the rate of national workers’ demobilization remained 1.1 %, indicating some stability in other parts of the economy, the director said.

the Canada Bank She left the standard interest rate without changing this week, but it was said that it has hinted that it may move to reduce prices if the growth continues to falter and the inflation remains in control.

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Oxford economist Tony Davburt expects more Job losses Before that, predicting about 140,000 workers’ demobilization and unemployment climbing in the mid -7 % range later this year, according to Reuters.

Fox Business has arrived at the White House for comment.

Reuters contributed to this report.