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Canada Unexpectedly Sheds 54,500 Jobs in March; Worst Job Loss in 4 Years; Canadian Dollar Tumbles

Lars795 Wrote: Apr 07, 2013 2:49 PM
Darn George Bush, the Sequester was all his fault. And nobody told me about Bengazi, or Syria, or Hurricane Sandy, or why we still have the USC, or why am I still slicing into the woods?

Our neighbor to the North also suffered from an unexpectedly weak jobs report today, the worst monthly job losses in more than four years.

Canada shed 54,500 positions in March, more than wiping out the 50,700 jobs that were added in February, Statistics Canada said on Friday. Market operators had expected a modest gain of 8,500 jobs.

It was the biggest monthly jobs loss since February 2009, when the economy shed 69,300 positions. The March unemployment rate rose to 7.2 percent from 7.0 percent.

"The employment numbers did seem to be...