The Canadian unemployment rate saw an increase in April. RBC Economics attributes this rise to weaker hiring, not elevated layoffs. The jobless rate reached 6.9% after the economy lost 18,000 jobs. Permanent layoffs actually decreased, remaining under their October 2025 peak. RBC indicates the labor market is adjusting, not facing a severe contraction.
https://www.hcamag.com/ca/specialization/recruitment/hiring-slowdown-not-layoffs-drives-rise-in-canadian-unemployment-rbc/574737