The Globe and Mail reports in its Saturday edition that Canada's labour market stumbled in March as the unemployment rate jumped above 6 per cent for the first time in more than two years, the latest sign of a weakening economy. The Globe's Matt Lundy writes that Canada lost 2,200 jobs last month, Statistics Canada said Friday, undershooting analyst expectations of 25,000 positions added. The unemployment rate rose to 6.1 per cent from 5.8 per cent in February, and it has risen by a full percentage point over the past year. The unemployment rate was driven higher in March by an increase of 60,000 people searching for work or on temporary layoff, Statscan said. Because of the continuing strength in the U.S. economy, investors are dialling back their expectations that the Federal Reserve will start to lower interest rates in June, viewing it as about a 50-50 chance. In contrast, traders are raising their bets that the Bank of Canada will start to cut rates in June, with July seen as a lock. The BOC will make its next monetary policy decision on Wednesday. While analysts do not expect a change to the overnight lending rate, now at 5 per cent, they are looking for any clues that rate cuts will begin in June or July.