The Globe and Mail reports in its Saturday edition that the Canadian economy shed almost 25,000 jobs in January as the ailing manufacturing sector and Ontario sustained big employment losses to start the year. The Globe's Vanmala Subramaniam writes that despite the hit, the unemployment rate fell to 6.5 per cent in January -- the lowest level in 16 months -- because fewer people were active participants in the labour market, Statistics Canada said Friday in a report. The job market has been under severe stress over the past year, owing to the U.S.-driven trade war, resulting in layoffs in industries targeted by tariffs, including steel and autos. Moreover, many companies are hesitant to hire new employees because of economic uncertainty. The manufacturing industry shed 28,000 workers in January, while Ontario lost a whopping 67,000 positions. Still, full-time positions jumped by 45,000 last month, and the damage was largely contained to Ontario. Andrew Grantham, senior economist at CIBC Capital Markets, called January's employment report a mixed bag. "As a result, we doubt this will have much impact at the Bank of Canada, and it doesn't change our view that interest rates will be on hold for the remainder of this year."