- Canada's labor market takes a beating, losing almost 2M jobs in April as non-essential businesses shuttered to slow the spread of COVID-19.
- Brings cumulative employment losses since February to more than 3M.
- The unemployment rate rose 5.2 percentage points to 13.0%, the second highest unemployment rate on record.
- By contrast the rate ranged from 5.4% to 5.9% from March 2019 to February 2020.
- ETFs: EWC, FXC, BBCA, FCAN, HEWC, ZCAN, FLCA