Canada’s economy sees sharp job losses, spiking unemployment rate as lockdowns hit hard

The country lost 212,800 positions in January, following a drop of 52,700 in December, Statistics Canada said Friday. The January results were considerably worse than expected, with economists predicting a loss of 40,000 jobs. The unemployment rate rose to 9.4 per cent from the previous month’s 8.8 per cent.

https://www.theglobeandmail.com/business/economy/article-canadas-economy-shed-213000-jobs-in-january-unemployment-rate-spikes/