The Globe and Mail reports in its Saturday edition that Canada lost 33,000 jobs in March, marking the worst month for the labour market in three years due to the impact of U.S. tariffs on business confidence. The Globe's Mark Rendell writes that job declines affected various industries, mostly in full-time positions and private-sector employment, pushing the unemployment rate up to 6.7 per cent. This Labour Force Survey, covering March 9 to March 15, hints at the initial effects of U.S. tariffs imposed on Canadian goods, which have shaken consumer and business confidence. Following the report, financial markets increased expectations for an interest-rate cut from the Bank of Canada to 2.5 per cent. CIBC economist Andrew Grantham notes the job market had been fairly solid through the second half of last year and into January. He says: "The wheels may be starting to come off the Canadian labour market. However, the concerning recent trend, combined with the likelihood of further weakness ahead as U.S. tariffs start to impact hiring decisions, leans toward further reductions in interest rates from the [BOC], although the timing will depend on next week's business and consumer surveys as well as global risk sentiment."