The Globe and Mail reports in its Friday, June 27, edition that the Canadian economy lost 6,200 jobs in April and 20,900 in March. The Globe's Dayne Patterson writes that job vacancies have decreased to just over 500,000, down from nearly one million in 2022. Higher interest rates and U.S. tariffs have caused businesses to hesitate in adding to their payrolls or led to layoffs. The job vacancy rate has fallen to 2.8 per cent as of April, down from 5.7 per cent in March, 2022. Nationwide job vacancies dropped by nearly 17,000 last month, with the finance and insurance industry seeing the largest decline of 4,000 postings. Most major sectors have seen employment decline in the past four months, National Bank of Canada said in a client note on Thursday. National Bank economist Matthieu Arseneau wrote, "This development contrasts with the Bank of Canada's message last week, which highlighted resilient job creation outside of U.S. export-sensitive sectors so far in 2025." Last week, the BOC highlighted that tariffs impact trade-intensive industries, though other sectors have maintained employment. However, if tariffs and economic uncertainty continue, businesses may cut jobs due to soft domestic demand in Canada.