Eyes on Canada’s first jobs’ report since U.S. Section 338 tariffs kicked in - RBC
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Canada’s labour report for September on Friday will be the first full month of jobs data since U. S. Section 338 tariffs took effect on Aug. 22, offering important clues on their impact.
Overall, we estimate that about 0.4% of Canada’s gross domestic product, and employment supports U. S. demand for goods on the tariff lists. Not all of that production and jobs will be impacted as exporters may pivot to other foreign and domestic buyers, while those unable to do so can access government support to partially offset losses.
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