The economic impact of the massive shutdowns in March is here for all to see, and April will most likely drop even more deeply based on early EI claims figures, according to economists at the Bank of Montreal. Key quotes “Canadian employment plunged by just over 1 million jobs in March (or more than 5% of all jobs) amid the initial stages of the COVID-related economic shutdown.” “To put this loss into perspective, more than three years of job gains were erased in a single month, as we last saw this level of employment in late 2016.” “The big issue is how long do the shutdowns last, and thus how persistent is this spike in joblessness; that is still very much open for debate. We continue to assert that as distancing measures lighten, many jobs will return quickly…many, but clearly not all.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Price Analysis: Pound nearing two-week’s highs, trading in mid-1.2400s FX Street 2 years The economic impact of the massive shutdowns in March is here for all to see, and April will most likely drop even more deeply based on early EI claims figures, according to economists at the Bank of Montreal. Key quotes “Canadian employment plunged by just over 1 million jobs in March (or more than 5% of all jobs) amid the initial stages of the COVID-related economic shutdown.” “To put this loss into perspective, more than three years of job gains were erased in a single month, as we last saw this level of employment in late 2016.” “The big issue… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.